It seems like KPK has been on the high of profit timeline zone these days as Federal Government has decided that they will be paying the government of KPK with around Rs. 40 billion. This payment will be given away from the side of province’s Rs65 billion shares in net profit. As per according to the senior officials of the finance department they will be sending the payment to the province in the coming next month that is a great news for the province management.
He said the division had projected upon with the net benefit for hydel control age in money related year 2018-19 at Rs39.98 billion and the relevant set of the debts at Rs25.29 billion totaling over Rs65 billion. As to installment of the Rs25 billion unpaid debts, the authority said the area was probably going to get subtleties in that regard from the middle inside seven days.
The KP government has additionally been squeezing the national government to execute the AGN Kazi equation to compute the net hydel benefit continues peering toward a flood in installments from Rs20 billion to Rs200 billion by 2023.
The Council of Common Interest had inspected in April and Sept this year the usage of the AGN Kazi equation for computing benefits on hydroelectricity creation and shaped an advisory group to decide the NHP figures under that recipe. On March, 2013, the then Pakistan Muslim League-Nawaz-drove national government and the Pervez Khattak-drove commonplace government had consented to uncap the region’s net hydel benefit continues and the installment of Rs70 billion to the area by virtue of the unpaid debts of uncapped NHP after the compromise of shared cases in the power division and as full and last repayment.
The region got Rs18.7 billion hydel benefit in the budgetary year 2015-16, Rs20 billion out of 2017-18 and Rs28.78 billion for the current monetary. Of the Rs70 billion overdue debts, the commonplace government has gotten the first and second tranche of Rs25 billion and Rs15 billion for the 2015-16 and 2016-17, separately.
Khyber Pakhtunkhwa Boss Clergyman Mahmood Khan met Head administrator Imran Khan in Islamabad and asked for him to determine the issues with respect to the installment of net hydel benefit and its unfulfilled obligations to the region. The fund office’s White Paper 2018-19 said the KP government trusted that the AGN Kazi panel’s technique to decide net hydel benefit, which was properly announced by the CCI, was neither actualized by Wapda nor was it regarded by the national government.
It called away the implementation of the required set of plan. White paper stated that: “Since the previously mentioned game plan being between times as in this way, the commonplace government chose to approach CCI for usage of KCM and related issues which are currently under thought by board established by CCI in its gathering on April 24, 2018 to consider the issue for assurance of rates as per KCM”.
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