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Privatisation of Nandipur Power, NPPMCL at advanced stage
Business
May 7, 2021
ISLAMABAD: Privatization process of 425 megawatts Nandipur Power Plant and National Power Parks Management Company (NPPMCL) has reached an advance stage, a minister said on Thursday.
Minister for Privatisation Mohammedmian Soomro told an inter-ministerial meeting the privatisation of Nandipur Power Plant and NPPMCL is at advance stage.
“We are taking all necessary steps for facilitating the national and international investors for successful privatisation of NPPMCL, Nandipur, Guddu and other energy sector entities,” Soomro said.
The meeting discussed issues regarding privatisation of energy sector entities. Divestment of shares of Pakistan Petroleum Limited and Mari Petroleum Company Limited were also discussed. All technical, legal and other issues relating to the energy sector entities will be resolved with the corporation of all stakeholders expeditiously. All participants /parties also agre
Daily Times Minister says provision of microcredit will create employment opportunities at local level
May 7, 2021
Federal Minister for Finance and Revenue Shaukat Tarin held a meeting with the Minister for Industries and Production Makhdoom Khusroo Bakhtiyar at the Finance Division to discuss the features of a new credit scheme for the SME Sector. SAPM on Finance & Revenue Dr. Waqar Masood was also present during the meeting. Governor State Bank of Pakistan Reza Baqir joined the meeting through video link.
Governor State Bank of Pakistan briefed the Finance Minister on the proposal for the provision of funds for the small businesses (without collateral) for a tenure up to 3 years through the network of Commercial banks. The banks will design innovative products to reach out to the smaller businesses whereas the government will provide risk sharing facility to the banks, he added. The Governor also shared that, at present, there are around a hundred thousand small businesses av
KSE-100: Stocks extends winning streak; index up 231 points
May 7, 2021
Bullish momentum continued to rule the market sentiments at Pakistan Stock Exchange (PSX) as stock extended its winning streak into the third day owing to positive news-flow over resolution of long term IPP issue and government’s decision to renegotiate tariffs and tax issue with the IMF, lifted market sentiments.
On Thursday, the benchmark KSE-100 opened on a positive note and touched intra-day high at 45,245.37 level after gaining over 301.76 points. However, the index clocked at 45,174.67 level by the closing bell after posting a 231 points gain.
During the session, investor sentiments were primarily buoyed by the news regarding the resolution of the long-awaited IPPs issue following the Economic Coordination Committee’s decision to pay the first tranche of outstanding dues of one set of IPPs, and further delay the payments of unpaid bills of another is discriminatory given that the government has sign
Daily Times
PM’s aide Tabish Gohar joins inter-ministerial meeting, chaired by Mohammad Mian Soomro in Islamabad
Powerful committee to be set up to resolve issues between ministries, divisions
Federal Minister for Privatisation Mohammad Mian Soomro chaired an inter-ministerial meeting in Islamabad to discuss and resolve issues regarding privatisation of energy sector entities
Special Assistant to Prime Minister on Power and Petroleum Tabish Gohar, Privatisation Federal Secretary Hasan Nasir Jamy and other seniors of the ministry attended the meeting. NPPMCL Chief Executive Officer Dhanpat Kotak and the financial adviser participated via video link.
In the meeting, various issues relating to privatisation of the National Power Parks Management Company Ltd (NPPMCL), Nandipur and Guddu power plants, divestment of shares of Pakistan Petroleum Limited (PPL) and Mari Petroleum Company Limited were discussed.