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LAHORE: As the petroleum sector circular debt stands at a whopping Rs1.6 trillion or 3.35 percent of GDP, the government has another plan to create fiscal breathing space for the entities gasping...
Businessmen term budget positive as no ‘new’ tax imposed on industry Businessmen term budget positive, as no ‘new’ tax imposed on industry
Govt to buy out 11 IPPs to avoid Rs450b capacity payments Top Story April 28, 2021 ISLAMABAD: The federal cabinet Tuesday decided to buy out 11 IPPs based on furnace oil (FO) at discounted value of Rs150-200 billion to avert payments of their capacity charges of Rs450 billion that it is bound pay in remaining seven years of their contracts. This is how the government can tackle the issue of capacity payment charges — an important component of Circular Debt — to some extent. The outstanding amount the government is to pay to all IPPs in the head of capacity payments for the current year ...
Govt to buy out 11 IPPs to avoid Rs450 bn capacity payments Top Story April 28, 2021 ISLAMABAD: The federal cabinet Tuesday decided to buy out 11 IPPs based on furnace oil (FO) at discounted value of Rs150-200 billion to avert payments of their capacity charges of Rs450 billion that it is bound pay in remaining seven years of their contracts. This is how the government can tackle the issue of capacity payment charges — an important component of Circular Debt — to some extent. The outstanding amount the government is to pay to all IPPs in the head of capacity payments for the current yea...
Hammad Azhar chairs meeting review progress on reforms in Power Sector - ISLAMABAD, Pakistan: The Federal Minister for Finance, Revenue, Industries and Production, Muhammad Hammad Azhar chaired a meeting in Islamabad on Friday to review progress on reforms in the Power Sector. The Federal Minister for Economic Affairs Division Khusro Bakhtiar, the Prime Minister’s Special Assistant on Power and Petroleum Tabish Gauhar, the Secretary Finance Division, the Secretary Power Division, the Secretary Economic Affairs Division and other senior officers participated in the meeting. The Secretary Po...