The final approval to remove the power plants from the privatization list is subject to the federal cabinet.


Islamabad: The authorities have decided to cancel the privatization of Nandipur and Guddu Power Plants, GNN reported.
According to the Privatization Commission, it has been suggested to allot the shares of power plants to Pakistan State Oil (PSO) to reduce the revolving debt of the gas sector.
The sources stated that by giving the shares of power plants to PSO, the revolving debt of the gas sector will be reduced by 100 billion rupees. Nandipur and Guddu power plants owe Rs100 billion to Sui gas companies. The 100 billion controlling stake of both the power plants will be given to PSO.
Sources added that it has been decided to remove Nandipur Power and Guddu Power Plant from the privatization list. The federal government will clear the dues of the Sui Gas companies from the shares of the power plants.
According to sources, the Ministry of Energy, Petroleum and Privatization Commission have agreed to remove the power plants from the privatization list, but the final approval to remove the power plants from the privatization list is subject to the federal cabinet.
Actor Val Kilmer, star of 'Batman Forever', dies at 65, NYT reports
- 3 گھنٹے قبل

Nearly two dozen states challenge Trump administration’s health cuts
- 2 گھنٹے قبل
Unknown attackers fire at CM's assistant residence in Peshawar
- ایک گھنٹہ قبل

Sweltering heat expected to persist in Karachi
- 2 گھنٹے قبل

7.7 magnitude earthquake devastates Myanmar, over 2,700 dead
- 38 منٹ قبل
New Zealand dominate Pakistan in second ODI
- 2 گھنٹے قبل

Mufti Qavi sends Eid message to Rakhi Sawant, proposes marriage
- ایک گھنٹہ قبل

Trump’s “third term” comments, briefly explained
- 6 گھنٹے قبل

Lahore zoo raises ticket prices to Rs300
- 2 گھنٹے قبل

Yes, your allergies are getting worse
- 6 گھنٹے قبل

President Zardari recovering well, no Dubai transfer: Sharjeel Memon
- ایک گھنٹہ قبل
TTP makes extortion demands from DI Khan sugar mills
- ایک گھنٹہ قبل