Hascol offers settlement of Rs54.5 billion loan default
KARACHI: Hascol and its sponsors Vitol Dubai have proposed to settle the Rs54.5 billion loan over a period of 12 years, which Hascol obtained from 19 local banks and then defaulted on. Hascol, over a period of time, secured this loan on the basis of hypothetical collateral, i.e., Hascol’s running fuel inventories, which were to … Read more