The Power Division has again moved a summary to the Economic Coordination Committee (ECC) regarding release of payments to Independent Power Plants (IPPs). The government had already signed agreements with IPPs to pay Rs403 billion in instalments. However, it was proposed that payments to all other IPPs may be given according to the signed agreements. The Petroleum Division had proposed to hold the release of payments to IPPs following investigation launched by NAB. However, it was proposed that payments to all other IPPs may be given according to the signed agreements.

Source: The Express Tribune April 04, 2021 05:01 UTC