Chinese power firm in Pakistan faces problems
ANI
04 Aug 2021, 14:27 GMT+10
Lahore [Pakistan], August 4 (ANI): Karot Power Company Ltd (KPCL), a special purpose vehicle (SPV) executing the hydropower project on the Jhelum River on a build-own-operate-transfer (BOOT) basis with the Chinese power company said that it has been facing serious problems and delays in obtaining advance tax exemption orders at import stage from the Federal Board of Revenue (FBR) for the last few months.
In a letter to China-Pakistan Economic Corridor (CPEC) Authority chairman Asim Saleem Bajwa, the KPCL complained that the FBR authorities at the Karachi Port have rejected the firm s exemption application for its three shipments without giving any reason, reported Dawn.
PM appoints a civilian to run CPEC affairs
Khalid Mansoor takes over the reins as Lt Gen (retd) Bajwa bows out
Khalid Mansoor. PHOTO: OICCI
ISLAMABAD:
Prime Minister Imran Khan on Tuesday appointed Khalid Mansoor as his special assistant on China-Pakistan Economic Corridor affairs, resulting in the resignation of chairman of CPEC Authority, Lt Gen (retd) Asim Saleem Bajwa.
“[The] prime minister is pleased to appoint Khalid Mansoor as special assistant to the prime minister on CPEC affairs with immediate effect,” according to a notification issued by the PM Office. The appointment will be in an honorary capacity, it added.
ISLAMABAD, August 4: Pakistani Prime Minister Imran Khan on Tuesday afternoon appointed business leader Khalid Mansoor as his Special Assistant onCPEC affairs as Asim Saleem Bajwa (retd) resigned.
Masoor is a well-known business leader and has served as President of Overseas Chamber of Commerce of Industry (OICCI). He has also worked closely with international financial institutions, like the World Bank, the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), the Overseas Private Investment Corporation (OPIC), the Asian Development Bank (ADB), the Deutsche Investitions, the OPEC Fund for International Development (OFID), as well as Chinese financial institutions such as China Development Bank, China Exim Bank, the Industrial and Commercial Bank of China (ICBC) and Sinosure.
Chinese power firm in Pakistan faces problems, delays in tax exemption
Karot Power Company Ltd (KPCL), a special purpose vehicle (SPV) executing the hydropower project on the Jhelum River on a build-own-operate-transfer (BOOT) basis with the Chinese power company said that it has been facing serious problems and delays in obtaining advance tax exemption orders at import stage from the Federal Board of Revenue (FBR) for the last few months.
ANI | Lahore | Updated: 04-08-2021 09:37 IST | Created: 04-08-2021 09:37 IST
Representative Image. Image Credit: ANI
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Karot Power Company Ltd (KPCL), a special purpose vehicle (SPV) executing the hydropower project on the Jhelum River on a build-own-operate-transfer (BOOT) basis with the Chinese power company said that it has been facing serious problems and delays in obtaining advance tax exemption orders at import stage from the Federal Board of Revenue (FBR) for the last few months. In a letter to China-Pakistan Economic Co
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