Thursday , June 20 2019
Latest News
Home / Business / Exam Bank of China release the loan for Orange Line Metro Train Project

Exam Bank of China release the loan for Orange Line Metro Train Project

Exam Bank of ChinaLahore: Punjab Chief Minister Muhammad Shahbaz Sharif has said that Exam Bank of China has announced to release the loan for Orange Line Metro Train Project. He said that it is jurisdiction of the court to hear the petitioner. He said that we will face the applications in a legal manner.

Talking at a TV interview, Shahbaz Sharif said that announcement of loan by Exam Bank of China is expression of confidence in the transparency of Nawaz Sharif government and honor for 18 crore Pakistanis. He said one of the reasons of opposition of orange line metro train is that the country should not progress. He said that the opponents, in fact, are making joke with the need of common man. He said that those travelling by aeroplanes and luxury vehicles are unaware of the needs of common man. He said that PTI, PP and Q-League are opposing the poor people.

The Chief Minister said that at the end of 2017, more than two and a half lakh people will travel daily on completion of orange line metro train. He said that one and a half lakh people travel daily by metro bus. He said that the number of passengers will further increase due to shifting of passengers of metro bus to metro train near MAO Collage.

Shahbaz Sharif said that the announcement of release of loan by Exam Bank is a clear proof to deep love of China. He said that Exam Bank gave loan on soft terms which will be paid in 20 years and will be payable after seven years of the completion of the project at interest rate of 2.4 percent.

The Chief Minister told that payment is being made despite incomplete ownership deeds of the residents of Jain Mandar and other areas. He said that political dwarfs will be failed in hoodwinking the poor people.

Replying to a question, Shahbaz Sharif said that the people of China are fully aware of the case of orange line metro train and other matters, therefore, despite it, announcement of release of loan is an honor for the people of Pakistan.

Leave a Reply

Scroll To Top