ISLAMABAD: The Senate Committee on Finance, Revenue, Economic Affairs, Statistics and Privatization Thursday deferred the discussions on the clearance of circular debt of power sector of Rs.480 billion to know the stances of all the stakeholders before finalizing recommendations.
The committee decided to convene the meeting on this one point agenda of circular debt of power sector so that final recommendations could be drafted.
The meeting of the committee was held here under the chairmanship of Senator Saleem Mandviwalla.
During the discussions, the committee members raised a question for making the payments of Rs.480 circular debt without following proper procedure and rules.
On the occasion, the representatives of Ministry of Water and Power apprised the committee about the details and procedures of the Rs.480 circular debt that was cleared to overcome the power crisis.
The committee was informed that currently the circular debt has mounted to Rs.321 billion since the clearance of the last circular debt.
The committee members also challenged the current power tariff rates, claiming there has been multi-fold increase.
They were of the view that when per barrel petrol was purchase at about $138, the prices of electricity was just Rs.7 per unit but now when the per barrel price of petrol has reduced to $40 per barrel, the electricity charges have gone up to Rs.12.
Earlier, the committee deferred discussion on the projects of Economic Affairs Division and directed the concerned authorities to come up with detailed information in next meeting.
Among others, the meeting was attended by Senators, Ilyas Ahmad Bilour, Muhammad Mohsin Khan Leghari, Ayesha Raza Farooq, Nasreen Jalil, Kamil Ali Agha, Mushahid Ullah Khan, Sardar Fateh Muhammad Muhammad Hassani, and Mohsin Aziz.
Senior officials from the Minister of Water and Power, Federal Board of Revenue, Economic Affairs Division and Ministry of Finance were also present on the occasion.
Comments
Comments are closed.