PM directs NEPRA to finalize fresh power tariff applications in 60 days

ISLAMABAD: Prime Minister Raja Pervez Ashraf on Tuesday directed the National Electric Power Regulatory Authority (NEPRA) to finalize fresh applications for determination of power tariff within 60 days and dispose of all pending cases within 45 days.

This direction was given by the Prime Minister during a briefing by Board of Investment (BOI) on investment portfolios and restructuring of BOI as “One Window Operation” here.The Prime Minister, in his opening remarks, said that Pakistan is endowed with rich material and human resources. “What is needed that each one of us should perform his allocated duties with missionary spirit”, he emphasized.

The Prime Minister said that the BOI should formulate a policy and suggest a suitable structure and mechanism with a view to convince the investor that Pakistan is his destination of choice.He said that there is a need to comfort the foreign investor and ensure that time-lines are met.The Prime Minister said that the country needs to add to the existing generation capacity and therefore, a potential investor must be provided every incentive in order to reduce the gap between supply and demand. – APP