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Pakistan Govt to pay $ 900 million in settlement - Jammu Kashmir Latest News | Tourism

Islamabad, March 19: Pakistan has decided to pay $ 900 million to a firm, Antofagasta — one of the companies engaged in the settlement of the Reko Diq dispute, reports The Express Tribune. Pakistan was penalized with a fine of almost $6 billion by a global arbitration body in favour of the Tethyan Copper Company (TCC). TCC was a joint venture between Chile’s Antofagasta and Canada’s Barrick Gold. According to The Express Tribune report, the Pakistan Supreme Court in 2013 […] ....

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Govt sacks Petroleum Division Secretary Arshad Mehmood

Power Division Secretary Ali Raza Bhutta given additional charge of secretary of Petroleum Division for three months ....

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NA panel approves NEPRA Amendment Bill

NA panel approves NEPRA Amendment Bill
Gives govt full powers to impose surcharges on power consumers
Nepra said the tariff increase, if approved, would be provisional as it was in the process of approving a multi-year tariff for the integrated power company. PHOTO: FILE
ISLAMABAD:
A parliamentary panel on Thursday approved the National Electric Power Regulatory Authority (Nepra) Amendment Bill 2020 to give sweeping powers to the government for imposing surcharges on power consumers to recover the cost of electricity theft and inefficiency of power distribution companies.
Power consumers are currently paying three types of surcharges, which include the tariff rationalisation surcharge, financial cost surcharge and Neelum-Jhelum surcharge in addition to heavy taxes. According to the Power Division, the government will be able to impose surcharges on power consumers, which will amount to 10% of the electricity cost. ....

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