The Water and Power Development Authority (WAPDA) is set to raise a international commercial loan of __________ through Euro bonds to meet foreign finance needs?

A. $100 Million
B. $300 Million
C. $500 Million
D. $700 Million

Submitted by: Zubair Yousaf

The Water and Power Development Authority (Wapda) is set to raise $500 million international commercial loans through Eurobonds to meet foreign financing needs of Diamer-Bhasha and Mohamand dams.

The Economic Coordina­tion Committee (ECC) of the cabinet, which meets later this week, is expected to formally approve the launch of the Wapda bonds abroad besides taking a decision on the fate of Liquefied Petroleum Gas (LPG) air-mix plants.

Correct Answer: $500 Million ✔

Last Updated: December 31, 2020