ISLAMABAD: Pakistan on Tuesday deferred for two months an inquiry into suspected contract violations by independent power producers which may have cost the national exchequer billions of dollars.
Hobbled by decades of energy shortages, successive Pakistani governments have pursued private sector investment in power production, offering lucrative returns backed by sovereign guarantees.
Prime Minister Imran Khan’s government ordered late last month the investigation into the IPPs’ contracts after he was presented with a 278-page report by a government committee which outlined a number of alleged transgressions.
However, a cabinet meeting Khan chaired on Tuesday decided to defer the probe. “In order to provide a chance of meaningful negotiations with the IPPs, constitution of inquiry commission ... may be deferred for two months,” said the meeting minutes seen by Reuters.
Information Minister Shibli Faraz said the decision was taken due to the government’s focus on measures to fight COVID-19. “We will not leave it unattended,” he told a news conference in Islamabad.
Around 40 independent power producers operate in Pakistan. Company representatives have consistently rejected allegations of wrongdoing.
Khan had also ordered the report, which alleges the IPPs made billions of dollars in questionable deals, to be made public. That too will be held up for another two months.
Some of Khan’s powerful cabinet ministers have stakes in the private power sector business.
Previous governments said the incentives, including dollar indexation and guaranteed capacity payments, were necessary to attract investors unwilling to put money into an uncertain Pakistani economy.
Up until 2017, prolonged power outages hit the country’s industrial production.
Pakistan’s energy ministry has lately been holding sessions with the IPPs after some of the report’s contents were leaked to the media, to seek “their contribution in rationalization of tariffs.”
Pakistan is now energy sufficient, but relies heavily on the private power sector.
Pakistan defers probe into private power sector’s alleged wrongdoing
https://arab.news/gkypg
Pakistan defers probe into private power sector’s alleged wrongdoing
- PM Khan ordered late last month investigation into the IPPs’ contracts after he after he was informed about their alleged transgressions
- About 40 independent power producers operate in Pakistan and have consistently rejected allegations of wrongdoing
Pakistan condemns Netanyahu’s ‘hexagon of alliances’ plan, says alert to growing India-Israel defense ties
- Israel’s Netanyahu last week proposed an alliance of countries in and around Middle East against its adversaries
- Pakistan maintains “robust military preparedness” to deter any potential aggression, says foreign office spokesperson
ISLAMABAD: Pakistan’s foreign office spokesperson on Thursday condemned Israeli Prime Minister Benjamin Netanyahu’s recent statement about forming a “hexagon of alliances” within or around the Middle East, saying Islamabad was alert to growing defense ties between New Delhi and Tel Aviv.
Netanyahu on Sunday outlined plans to form a new regional bloc, describing it as a “hexagon of alliances” that he said could include Israel, India, Greece and Cyprus, along with other unnamed Arab, African and Asian states. He said the grouping would collectively stand against what he described as “radical” adversaries.
His comments came days before Indian Prime Minister Narendra Modi arrived in Israel on Wednesday for a two-day trip to bolster ties. The two are expected to discuss cooperation in science and technology, innovation, agriculture, water management, technology, defense and security during the trip.
The statement drew a sharp response from Pakistan’s Senate, which unanimously passed a resolution on Tuesday rejecting Netanyahu’s remarks.
“I would also like to draw your attention to the recent resolution adopted by the Senate of Pakistan that strongly condemned such remarks and attempts to undermine Muslim unity,” Foreign Office spokesperson Tahir Andrabi told reporters during a weekly press briefing.
“We continue to condemn these provocative steps and statements by the leadership of the occupying power that threaten regional peace and stability,” he added.
Netanyahu had also said Israel’s goal was to create an axis of nations that see eye to eye against what he described as the “radical Shia” and “radical Sunni” axis of nations.
Andrabi said attempts to divide the Muslim world along sectarian lines were a “nefarious design” on Netanyahu’s part.
India is Israel’s largest arms buyer and second-largest trading partner in Asia, after China. In response to a question on India’s growing defense ties with Israel, Andrabi said Pakistan remained cognizant of the risks posed by such cooperation.
“Yes, we remain seized of the defense ties between Israel and India,” the spokesperson said, noting that certain “systems and platforms” may have been used by India against Pakistan in the past.
“We are alive to the threats they pose to our security, sovereignty and territorial integrity, as well as to regional peace and stability.”
Andrabi said Pakistan maintained “robust military preparedness” to deter any potential aggression from hostile forces.
‘UTMOST CAUTION EXERCISED’
Andrabi spoke about Pakistan’s recent strikes against alleged militant camps in Afghanistan, saying Islamabad had conducted them in self-defense and with extreme caution to avoid casualties.
Pakistan said it carried out airstrikes in Afghanistan against militant camps and hideouts in three provinces on Saturday night, killing over 100 militants. Afghanistan accused Pakistan of violating its territorial sovereignty and killing dozens of civilians. Kabul has vowed to retaliate.
Andrabi said the strikes were carried out to ensure protection for the lives of the people of Pakistan and to prevent “imminent terrorist attacks.”
“These actions were directed solely against identified terrorist camps and hideouts, and utmost caution was exercised to prevent harm to civilians,” he said.
He warned Pakistan would take necessary measures under its right to self-defense against “terrorist threats” emanating from Afghan territory.
On the safety of Pakistani nationals in Afghanistan following the strikes, Andrabi said Islamabad had raised the issue with Afghan authorities, adding that Islamabad expected “foolproof security” for Pakistani diplomats and civilians.
