Govt starts work on Devolution

ISLAMABAD: In a major policy decision, the federal government has started work on devolution of gas and power companies’ networks to the provinces, well- informed sources told Business Recorder.

This decision was taken at a recent meeting of the Council of Common Interests (CCI) on April 24, 2018 with Prime Minister Shahid Khaqan Abbasi in the chair.

According to sources, Chief Minister of Khyber Pakhtunkhwa (KP) Pervez Khattak underlined the need to implement the previous CCI decisions in this regard. The CCI in its 34th meeting had referred the matter of IPCC for appropriate recommendations. IPCC recommended to the CCI to implement the AGN Kazi methodology for calculation of Net Hydel Profit (NHP).

Published in Business Recorder, 5th May, 2018