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The committee also revived an implementation committee led by the finance minister with the addition of a representative from law division which had concluded agreements with about 47 IPPs in February this year. AFP/File
ISLAMABAD: Reversing earlier decisions and agreements, the government on Thursday decided to ‘re-negotiate’ once again power purchase agreements (PPA) with about a dozen independent power producers (IPPs) set up under Policy for Power Generation 2002 to recover ‘excess payments’ they had secured from the government.
The Cabinet Committee on Energy (CCoE), presided over by Planning Minister Asad Umar, took this decision on the advice of the National Accountability Bureau (NAB) for recovery of about Rs52bn including about Rs8.4bn from Nishat Chunian project of Mansha Group. The committee also revived an implementation committee led by the finance minister with the addition of a representative from law division which had concluded agreements with about 47 IP
Daily Times
July 13, 2021
As was expected, the federal budget for the financial year 2021-22 sailed smoothly through the National Assembly. The finance bill was passed on June 29 while budgetary measures have already got into action throughout the country.
This was the PTI-led coalition government’s third budget, which was presented by its fourth finance minister, Shaukat Tarin–the successor to Asad Omer, Dr Hafeez Shaikh and Hammad Azhar. His full name, which is not known to many around, is Shaukat Fayaz Ahmed Tarin and he has previously also shouldered the heavy responsibility as the finance minister in different governments. The incumbent coalition government will complete its three years in August.
Ex-finance minister Hafeez Shaikh on NAB’s radar over ‘misuse of authority’ Watchdog says Shaikh, two former FBR chairmen Abdullah Yousuf and Salman Siddique incurred $11 million losses to national exchequer
July 13, 2021
The National Accountability Bureau’s (NAB) Karachi office has requested to file a reference against former finance minister Abdul Hafeez Shaikh, a spokesperson for the anti-graft watchdog said on Monday.
The spokesperson said NAB Karachi’s Regional Board meeting has sent requests to the central office for filing reference and decided to start proceedings in several cases against the former minister and officials of the Federal Board of Revenue (FBR) over ‘misuse of authority’ causing loss to the tune of $11.125 million to the national exchequer.
Smokescreen statements: Pak-US relations Foqia Sadiq Khan
All states issue ‘smokescreen statements’ from time to time and truth about foreign policy and strategic relations is often hidden from the public at large over fears of bad public opinion ratings. However, in recent weeks, Prime Minister Imran Khan, Foreign Minister Shah Mehmood Qureshi, and the establishment leadership in the country have gone into overdrive to cover up Pakistan’s long-standing strategic relationship with the US, in particular, and the West in general. They have issued a number of statements to reflect as if Pakistan’s top civilian and establishment leadership is critical of the US contrary to the ground realities.