Govt committed to grant due share of provinces in Net Hydel Profit: Planning Minister
Minister for Planning, Development and Reform Makhdum Khusro Bakhtiar says the present government is committed to give due share of Net Hydel Profit to the provinces.
He was chairing a meeting of the Main Committee constituted by Council of Common Interests to deliberate upon the issue of Net Hydel Profits in Islamabad on Wednesday.
He expressed optimism to resolve all outstanding issues regarding determination of NHP which is required to be paid to the province where a hydel power station is located as per provision of the Constitution under Article 161 (2).
It was decided to hold another meeting in a week’s time to further deliberate on the matter in detail and work out the solution in the light of decision of Council of Common Interests.
The meeting discussed the report of Technical Sub-Committee which had been constituted under the Chairmanship of Secretary Power Division to ponder over the issue of determination of rates and net profits.
The meeting also deliberated upon the point of view of all key stakeholders in the matter.