Rs 490m financing OK’d

RIYADH, 25 November 2002 — Saudi Pak Industrial and Agricultural Investment Company, a joint venture of the Kingdom and Pakistan, has approved a total financing of Pakistan Rs.490 million to 13 companies operating in the manufacturing and financial sectors. This was decided at a meeting of Saudi Pak’s board of directors held here on Saturday. The financing will facilitate expansion of production facilities and creation of additional capacities, the company said.