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 Islamabad

Finance Ministry denies taking ADB’s dictation

byM Arshad
07/11/2014
in Islamabad, Latest News
Share on FacebookShare on Twitter

ISLAMABAD: Finance Ministry has categorically ruled out receiving any directions from the Asian Development Bank (ADB) on controlling power and gas theft, saying, nothing officially in this regards has been conveyed to the government.

“However, the government has an understanding with ADB to reduce distribution and transmission losses substantially under the sustainable energy sector reform program” a well placed official source disclosed to this scribe.

You might also like

Saudi Arabia, Qatar to provide $5b financial assistance to Pakistan: Turkish media

13/04/2026

Govt seeks proposal to cut GST on dairy products to 10pc

13/04/2026

Sources said that ADB had not officially asked Pakistani government to control power and gas theft, however, the Power sector has already been working actively to control theft of electricity to maximum extent.

“The government is adamant to control and check energy losses” the source said adding that on the recommendations of the Finance Ministry the government had taken viable steps to prevent theft of electricity which had made considerable influence on the public and restrained the consumers from stealing electricity.

Source said that to reduce the gas theft and losses, the government had promulgated the Gas Theft (Control & Recovery) Ordinance and the Sui Southern Gas Company Limited (SSGCL) was in the process to implement a project to reduce Unaccounted For Gas (UFG) under the World Bank funded Natural Gas Efficiency Project (NGEP). “Similarly, the Sui Northern Gas Pipeline Limited (SNGPL) is also undertaking a similar project to reduce UFG at their own” the source added.

It is pertinent to note here that the Asian Development Bank aims at an Asia which is free from poverty. Approximately 1.7 billion people in the region are poor and unable to access essential goods, services, assets and opportunities, every human is entitled. ADB has been driven by an inspiration and dedication to improving people’s lives in Asia and the Pacific since 1966. The concept behind this was that by targeting investments wisely in partnership with our developing member countries and other stakeholders poverty could only be alleviated and a world with shared benefits of sustained and inclusive growth be created. The main devices for assistance are loans, grants, policy dialogue, technical assistance and equity investments.

Tags: Asian Development BankdictationelectricityFinance Ministrygas theft[power losses

Related Stories

Saudi Arabia, Qatar to provide $5b financial assistance to Pakistan: Turkish media

byCT Report
13/04/2026

RIYADH: Saudi Arabia and Qatar will provide Pakistan $5 billion in financial assistance, enabling Islamabad to avert stress on the...

Govt seeks proposal to cut GST on dairy products to 10pc

byCT Report
13/04/2026

LAHORE: Federal Minister for Commerce Jam Kamal Khan has directed the Pakistan Dairy Association to submit proposals for reducing general...

KPRA collects Rs38.8b in Jul–Mar, sales tax on services rises 21pc

byCT Report
13/04/2026

PESHAWAR: Khyber Pakhtunkhwa Revenue Authority (KPRA) recorded a 21% increase in sales tax on services during the first nine months...

Fitch affirms Pakistan’s ‘B-‘ rating with stable outlook

byCT Report
13/04/2026

ISLAMABAD: Fitch Ratings has reaffirmed Pakistan’s long-term foreign currency rating at ‘B-’ with a stable outlook, pointing to progress in...

Next Post

Customs R&D surpasses October target

  • 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.