Daily Times
April 21, 2021
Independent Power Producer (IPP) PakGen Power Limited and the Central Power Purchasing Agency (Guarantee) Limited have signed the “PPA Amendment Agreement”.
The government and around two-dozen IPPs are said to have initialled the agreements. PakGen Power Limited, a public listed company, informed this to Pakistan Stock Exchange (PSX) on Tuesday.
According to the notice issued to the PSX, the terms of the PPA amendment agreement are given below: minimum load of the complex has been increased from 21 percent to 50 percent of the total capacity of the complex.
Different arbitration disputes have been resolved through the signing of this settlement consisting of the following points: (i) the company has waived off interest on interest and in return would get payments based on First In First Out (FIFO) principle; (ii) the shutdown period of the complex on account of non-availability of fuel has been treated as Other Force Majeure Event under the Power P
Under revised contracts: Govt defaults on payment of Rs85 bn to eight IPPs
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Stocks bounce back with 559-point rally - Newspaper
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Market watch: Stocks bounce back, partially recoup losses
Benchmark KSE-100 index rises 558.81 points to settle at 45,837.35
PHOTO: ONLINE
KARACHI:
The stock market bounced back on Friday and recouped more than half of the huge loss of nearly 900 points that the benchmark index suffered in the previous trading session.
During the day, the Sensitive Price Indicator (SPI) for the week ended March 4, 2021 was released, which recorded an increase of 15% year-on-year, generating investor interest in bank stocks.
Meanwhile, the international crude oil prices jumped more than 2%, hitting their highest in nearly 14 months, which also lent support to optimism in the stock market.