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Senate body to take up WB loans

byCT Report
11/10/2017
in Business
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ISLAMABAD: The Senate Committee on Finance, Revenue, Economic Affairs and Narcotics is scheduled to meet here Thursday to discuss the issue of World Bank (WB) loans and budgetary support for Pakistan.

According to Senate Secretariat Notification, the committee, which is scheduled to meet under the chairmanship of Saleem Mandviwalla, would discuss with the Ministry of Finance the suspension of programme loans/budgetary support by the bank.

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The Petroleum Division is scheduled to its present progress report on the summary sent to the Prime Minister for settlement of Gas Infrastructure Development Cess (GIDC) with the CNG sector as recommended by the committee in its meeting held on July 27, 2017.

The committee would also hold discussion on the reply submitted by the Power Division on the report of the Standing Committee on Finance, adopted by the house  on the issue of payments made to clear the circular debt of power sector amounting to Rs480 billion during the year 2013.

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