Prime Minister Shahbaz Sharif said that in the first phase, they are terminating power purchase agreements with five independent power producers (IPPs) promising relief to the inflation-hit people. The federal cabinet under the chair of Prime Minister Shahbaz Sharif has started terminating the IPPs agreement. Speaking at the Federal Cabinet meeting, Shahbaz Sharif said that by the grace of Allah, the country’s economy is rapidly moving towards stability. He said that five IPPs owners preferred national interest to personal interest, they voluntarily agreed to terminate these contracts, and these IPPs played a key role in the initiation of public relief. The whole cabinet including me is grateful to these IPPs owners.

Source: The Patriot October 10, 2024 21:25 UTC