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

FBR to launch faceless tax audit system

13/06/2026

FBR bans PDF financial statements for companies

13/06/2026

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

FBR to launch faceless tax audit system

byCT Report
13/06/2026

ISLAMABAD: The Federal Board of Revenue (FBR) is set to introduce a faceless audit and assessment system across all four...

FBR bans PDF financial statements for companies

byCT Report
13/06/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a major shift toward digital tax administration through the Finance Bill...

SBP unveils first-ever research agenda for 2026-2029

byCT Report
13/06/2026

KARACHI: The State Bank of Pakistan (SBP) has launched its inaugural Research Agenda for 2026-2029, outlining key research priorities aimed...

Pakistan empowers custom courts to freeze assets in illegal fund transfer trials

byCT Report
13/06/2026

ISLAMABAD: The Pakistani government has introduced a major legislative amendment through the Finance Bill, 2026, granting Special Judges the authority...

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.