ISLAMABAD – Former governments of Nawaz Sharif and Asif Zardari incurred aloss of Rs 956 billions to national exchequer with just one act.
The last two governments have made extra payments of Rs. 956 billion toindependent power producers (IPPs) in the last ten years, says SenatorNauman Wazir Khattak
The senator revealed this during a meeting of a Standing Committee onTuesday.
He presented an in-depth analysis of the IPPs’ agreements, showing thatthey should have earned Rs. 400 billion under the agreement, but theirprofit during the last ten years was Rs. 1,400 billion. “This is allvisible on NEPRA’s website,” he said.
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This amounts to more than $6 billion, or about the same amount that we’vejust borrowed from the IMF.
Senator Khattak’s observations, however, were rejected by the NationalElectric Power Regulatory Authority (NEPRA) and the IPPs. They believe thatSenator Nauman’s comment is misconstrued.
