Rs480b paid to IPPs unjustified, panel recommends recovering Rs 35b from IPPs

As the investigation into the Rs480-billion circular debt payments continues, the special panel backed federal auditors’ recommendations to recover Rs35 billion from Independent Power Producers (IPPs) that were paid to them on flimsy grounds. The committee noted that the government had paid the huge amount to the IPPs bypassing the Auditor General of Pakistan (AGP). Read More