Assalam-o-Alaikum-Warahmat-ULLAH ALL,
DAWN News: Govt will pay Rs45bn to ease energy crisis
Saturday, 13 Mar, 2010
--------------------------------------------------------
Prime Minister Gilani has asked the ministry of petroleum and natural resources to present the Pakistan-Iran gas pipeline project to the cabinet on Wednesday. –Photo by APP
ISLAMABAD: The government decided on Friday to immediately release Rs45 billion to Pakistan State Oil, power companies and refineries to scale down rising circular debt which was causing an oil, gas and electricity crisis in the country.
The decision was taken at a special meeting called by Prime Minister Yousuf Raza Gilani to ward off an imminent default in foreign payments against oil supplies.
The prime minister asked the ministry of petroleum and natural resources to present the Pakistan-Iran gas pipeline project to the cabinet on Wednesday.
An official said the finance ministry had been ordered to release Rs2 billion to PSO on Saturday, followed by Rs9 billion on April 2 and another Rs34 billion before April 30 through different sources, including issuance of Rs15 billion term finance certificates (TFCs) to the banking sector.
..continued..
-------------------------------------------------------------------
(1) More abuse, continued abuse of taxpayer money ?
(2) What's going on ?
(3) For how long will this go on ?
(4) For how long will this be tolerated ?