Pakistan Muslim League-Q has termed energy crisis as national issue and called for formulating national energy policy to overcome it through pragmatic approach in the larger national interest. PML-Q Secretary General Senator Mushahid Hussain Syed presented 'Shujaat Formula' in Energy Summit and asked the provinces to contribute a total of Rs 150 billion for the next three months out of their NFC Award share to meet the power shortfall.
He said the provinces should give total of Rs 50 billion out of their NFC Award every month for three months. He said a large part of this amount would go towards clearing the circular debt of Rs 250 billion payable to IPPs. He said that after these payments, the IPPs would be left with a sustainable circular debt of Rs 100 billion.
Syed said basically the provinces would have to forego transfers from the federal government at Rs 50 billion per month for next three months with Punjab contributing Rs 25 billion, Sindh Rs 25 billion, KPK Rs 7.5 and Balochistan Rs 5 billion every month.
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