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28th November, 2012
NAB will serve notice on Turkish firm for $120m
The National Accountability Bureau will serve a fresh notice on a ship-mounted Turkish power plant Karkey within a couple of days for recovering $120 million as directed by the Supreme Court.
9th October, 2012
Circular debt to haunt future govts, NA told
“The present government inherited the circular debt and because of financial constraints it will have no option but to transfer this financial liability to its successor,” said the Minister of State for Production.
Pepco’s Board approves dissolution
Pepco's Board of Directors, headed by Secretary Water and Power, has approved its dissolution and the transfer of its responsibilities to the CPPA.
25th March, 2012
Outages fuel anger in Punjab
LAHORE, March 24: Long spells of electricity outage triggered on Saturday loud protests in several cities in Punjab as power shortfall for the common man touched a staggering 70 per cent.