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HCSTSI criticises govt inaction on IPP contracts

KARACHI: The President of the Hyderabad Chamber of Small Traders and Small Industry (HCSTSI), Muhammad Farooq Shaikhani, has expressed deep concern over the government’s negligence in renegotiating contracts with Independent Power Producers (IPPs). Despite repeated protests and demands, the government has failed to either cancel or reschedule these contracts, which has severely impacted the business […]

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US$3.46bn contracts awarded for developing road network in Riyadh

US$3.46bn contracts awarded for developing road network in Riyadh

RIYADH: Four road development contracts totaling SR13 billion (US$3.46 billion) have been given out by the Royal Commission for Riyadh City (RCRC) as part of the program’s initial phase to improve the capital city’s transportation system, local media reported. The commission’s Board of Directors said that the program’s initial phase intends to build the main […]

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Govt to review and ‘terminate contracts with 15 IPPs’

The Pakistani government has decided to review and terminate agreements with 15 Independent Power Producers (IPPs) to provide relief to the public burdened by high electricity costs, sources said on Thursday. In efforts led by Energy Minister Awais Leghari, a task force has finalised the framework to address the issue. The government plans to immediately […]

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Freeze assets of those involved in IPPs contracts: Hafiz Naeem

Freeze assets of those involved in IPPs contracts: Hafiz Naeem

KARACHI: Hafiz Naeem has demanded of the government to conduct forensic audit and freeze assets of those involved in contracts with IPPs, ARY News reported on Monday. Jamaat-e-Islami Ameer talking to media here demanded tracing and capturing frauds and blunders in operation and maintenance. Talking about the talks with the government committee, Hafiz Naeem ur […]

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