News Details

06/09/2017

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has asked the Secretary Finance to prepare a comprehensive case of the dues and genuine claims of the province

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has asked the Secretary Finance to prepare a comprehensive case of the dues and genuine claims of the province that he would advocate at CCI to get the provincial claims on net hydel profit as per AGN Qazi formula. He would also fight the case of the province to get all the claims of the province due to be cleared by the federal government, he added. He was presiding over a high level meeting on net hydel profit, the agreement concluded with WAPDA for the methodology for the clearance of net hydel profit, the purchase of power of the four hydro power stations, the exact figures of the power generation, the claim of the province on excise etc and the principles established by the AGN Qazi formula for the claim and clearance of net hydel profit at Chief Minister House, Peshawar. Secretary Finance briefed the Chief Minister about the claims and the dues outstanding against the WAPDA and federal government. Principal Secretary to Chief Minister Muhammad Israr and other administrative secretaries attended. The Chief Minister directed to gather the exact outstanding, claims of the province and to be cleared by different federal entities. The AGN Qazi formula has already established the course which was also decided by the Supreme Court. Now the CCI forum is to direct the NEPRA for the fixation of rates. He directed the Secretary Finance to prepare the case of the province. He has made up his mind to fight it out to the hilt at proper forum to get the provincial rights. He will also convince the relevant quarters for the fixation of hydel power rates, expedite the recovery and would remove the flaws in the system making sure the smooth flow of resources from centre to the province, that was the rights of the province, he added. ==========