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Pakistan has started the renegotiation process with foreign lenders to defer steep increases in electricity tariff it had committed for reviving the International Monetary Fund (IMF) programme. Reuters/File
ISLAMABAD: Pakistan has started the renegotiation process with foreign lenders to defer steep increases in electricity tariff it had committed for reviving the International Monetary Fund (IMF) programme along with $500 million disbursement and $2.5 billion international bond.
As an alternative plan, the government is now working to “rationalise general sales tax on electricity, purchase some old oil-fired independent power plants (IPPs) and secure some other savings through debt restructuring of power plants”, Special Assistant to the Prime Minister on Power and Petroleum Tabish Gohar told
All the independent directors are new faces on the board whose number has been reduced from six to five. AFP/File
ISLAMABAD: The government on Thursday reconstituted the board of directors of the National Transmission & Despatch Company (NTDC) under the chairmanship of former managing director of K-Electric Naveed Ismail.
According to a notification issued by the Power Division, seven out of 11 members of the existing board have been replaced. All the independent directors are new faces on the board whose number has been reduced from six to five.
They include Ali Zain Banatwala (a Karachi-based system optimisation and smart grids expert), Nauman K. Hyder (former HBL president), Almas Hyder (a Lahore-based businessman) and Haroon Jan Baraylay (a managing partner at FGE Ebrahim Hosain).