KP likely to get Rs65bn hydel profit increase

PESHAWAR: The annual net hydel profit of Khyber Pakhtunkhwa is likely to surge from Rs20.75 billion to Rs85 billion as the Council of Common Interest has agreed on the implementation of the 1991 AGN Kazi formula for the determination of that profit, officials insist.

The details available with Dawn show that Chief Minister Pervez Khattak took up the NHP issue at the April 24 CCI meeting and sought the implementation of the forum’s previous decision.

In its 34th meeting on Dec 24, 2017, the CCI had referred the matter to the Inter-Provincial Coordination Committee (IPCC) for filing recommendations.

Published in Dawn, 10th May, 2018