Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

Delays in Nandipur power project cause over Rs113b loss

byCustoms Today Report
23/10/2014
in Business
Share on FacebookShare on Twitter

ISLAMABAD: Delay in the 425MW Nandipur power project have caused a huge loss of more than Rs113 billion to the national exchequer.

This was disclosed by Federal Minister for Water and Power Khawaja Asif in the National Assembly while replying to questions raised by Pakistan Muslim League-Nawaz’s Shaista Pervaiz.

You might also like

Weekly inflation rises 0.15pc, annual rate reaches 9.11pc

15/08/2026

SECP establishes Shariah-Compliant Brokerage Segment, approves 33 Islamic Windows

13/08/2026

In a written reply, the minister said that a judicial commission, which was formed in 2011 to probe into the delay, had held the Ministry of Law, Justice and Parliamentary Affairs responsible for the delay in the completion of the project.

Khawaja Asif, quoting the commission’s report, said that the law ministry kept sitting on the file, seeking clearance for the import of machinery which was to be installed at the site. The case is now pending with the National Accountability Bureau (NAB), he added.

It is pertinent to mention here that the Nandipur power project was started in January 2008 at a cost of Rs23 billion. The contract was given to a Chinese firm, which was supposed to complete the work by April 2011.

Tags: 425MWbillionChinese firmFederal Minister for Water and Power Khawaja Asifjudicial commissionJustice and Parliamentary AffairslossMinistry of LawNandipur power projectNational Accountability Bureau (NAB)National Assemblynational exchequerPakistan Muslim League-NawazShaista Pervaiz

Related Stories

Weekly inflation rises 0.15pc, annual rate reaches 9.11pc

byCT Report
15/08/2026

ISLAMABAD: Pakistan’s weekly inflation increased by 0.15%, pushing the annual inflation rate to 9.11%, according to the latest report released...

SECP establishes Shariah-Compliant Brokerage Segment, approves 33 Islamic Windows

byCT Report
13/08/2026

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), in a major breakthrough, has succeeded in establishing a dedicated Shariah-compliant...

TPL Life expands Mobilink Bank partnership to offer Shariah-compliant insurance plans

byCT Report
12/08/2026

KARACHI: TPL Life Insurance Limited has expanded its strategic partnership with Mobilink Microfinance Bank Limited (Mobilink Bank) to introduce unit-linked...

Neelum-Jhelum project unlikely to generate electricity before 2028

byCT Report
11/08/2026

ISLAMABAD: The Neelum-Jhelum Hydropower Project is unlikely to resume electricity generation before 2028, with repair work on the 979-megawatt facility...

Next Post

FIA investigates Rs 35b gold smuggling scam, 4 suspects arrested

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.