Arab Today, arab today pakistani government to privatize power plants and companies
Last Updated : GMT 14:49:19
Arab Today, arab today
Arab Today, arab today

Pakistani government to privatize power plants and companies

Arab Today, arab today

Arab Today, arab today Pakistani government to privatize power plants and companies

Islamabad - KUNA

The Pakistani government has decided to privatize the generation and distribution companies and power plants as per new policy being prepared to meet terms of lending agencies, said the Minister for Water and Power Khawaja Mohammad Asif. While addressing a press conference along with the Chief Minister of Khyber Pakhtunkhwa province, Pervez Khattak the Minister told that a final draft of policy would be shaped in 5 to 10 days. He further said, \"We are moving very carefully on energy policy. We are entering into an agreement with the International Monetary Fund. The World Bank is going to provide financing for projects under the energy policy. So support of these two would depend on energy policy and hence it requires utmost care. Otherwise, there is no delay.\" The minister informed that a payment of USD 0.35 billion has been made to the power sector to clear circular debt and process to make more payments has been started. He also defended the increase in cost of the Nandipur power project from USD 0.21 billion to USD 0.57 billion that has drawn the attention of the apex court by saying, We have justifications for the cost escalation but there is no question of corruption because the money has not been spent yet.\" The federal government would strive to resolve the issue of load shedding while the provincial government would help in recovering electricity dues, he further added.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pakistani government to privatize power plants and companies Arab Today, arab today pakistani government to privatize power plants and companies

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pakistani government to privatize power plants and companies Arab Today, arab today pakistani government to privatize power plants and companies

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday