Circular debt rises to Rs2.476tr by Dec 2021
ISLAMABAD: The scourge of circular debt of cash bleeding power sector has gone up by Rs1,328 billion in the last 40-month rule of PTI government,...
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ISLAMABAD: The scourge of circular debt of cash bleeding power sector has gone up by Rs1,328 billion in the last 40-month rule of PTI government,...
Cautionary Statement Regarding Forward-Looking Information. Certain statements contained in this Form 10- Q are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Other Information- Item 1 A. Risk Factors "and" Item 1 A. Risk Factors "of our Annual Report on Form 10- K for the fiscal year ended March 31, 2021,...
The committee also revived an implementation committee led by the finance minister with the addition of a representative from law division which had concluded agreements with about 47 IPPs in February this year. — AFP/File ISLAMABAD: Reversing earlier decisions and agreements, the government on Thursday decided to ‘re-negotiate’ once again power purchase agreements (PPA) with about a dozen independent power producers (IPPs) set up under Policy for Power Generation 2002 to recover ‘excess payments’ they had secured from the government. The Cabinet Committee on Energy (CCoE), presided...
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NAB gives go ahead to revised deals with IPPs Top Story April 6, 2021 ISLAMABAD: In a new development, the National Accountability Bureau (NAB) has written a letter to the Power Division saying that the government has the full authority to execute their altered agreements with 47 IPPs in a bid to provide relief to those officials who are hesitant to implement the new agreements because of fears of possible action against them in future. The anti-graft body has written this in its letter to the Power Division after the government missed the deadline of March 29, 2021 in paying Rs85 billion t...