ISLAMABAD: The Economic Coordination Committee of the cabinet on Wednesday approved 3 million tons of wheat import for building up its strategic reverses in the country.The decision was taken.
ECC delays approval of IPPs’ arrears
Power Division sought financing to pay first instalment to power plants
Power plants under the 2006 policy would get Rs4.2 billion in the first installment, subject to clearance by the ECC. PHOTO: PID
ISLAMABAD:
The government on Wednesday put off approval of a Rs89.9 billion supplementary budget to partially clear arrears of Independent Power Producers (IPPs) due to fear of National Accountability Bureau (NAB), which was delaying decision by a cabinet body.
Like his two predecessors, Finance Minister Shaukat Tarin as Chairman of the Economic Coordination Committee (ECC) deferred a summary of the Power Division that sought Rs89.9 billion to pay the first installment to 20 IPPs.