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.
Nepal returns to calm as first woman PM takes charge, visits wounded
- 3 hours ago

Field Marshal, PM leave for important visit to Bannu
- 9 hours ago

World Athletics Championships begin in Tokyo
- 8 hours ago
PM suspends collection of power bills from consumers in flood-affected areas
- 3 hours ago
Blasphemy case: Engr Muhammad Ali Mirza remanded in NCCIA custody for seven days
- 8 hours ago

U.S. loss to South Korea another misstep with World Cup prep time running out
- 7 hours ago
Arab, Muslim leaders to meet in Qatar to denounce Israeli attack
- 3 hours ago
President expresses Pakistan’s full support for China’s vision of civilisation exchange, mutual learning
- 6 hours ago
Judiciary is facing challenges in journey to deliver justice: CJP Afridi
- 7 hours ago

Gold prices decline in Pakistan today
- 9 hours ago
Wasim Akram tells Pakistan, India to forget noise and ‘enjoy’ Asia Cup clash
- 8 hours ago

Another person dies of Naegleria in Karachi
- 3 hours ago