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Five IPP contracts are being terminated, according to PM Shehbaz.

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4 months ago

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He stated that this was carried out with the owners of the IPPs’ mutual approval while presiding over today’s federal cabinet meeting in Islamabad.

The Prime Minister notified the Cabinet that no interest will be paid; only the remaining sums owed to these IPPs will be settled.

He emphasized that breaking these contracts will benefit the national exchequer by around 411 billion rupees and save power users roughly sixty billion rupees.

Shehbaz Sharif claimed that it was the result of the government team’s tireless efforts working together. In this regard, he acknowledged the associated parties’ contributions and support as well. In particular, he brought up General Asim Munir, Chief of Army Staff, who showed a personal interest in the entire situation.

The Prime Minister explained that the breakthrough marked the start of a path that will ultimately lead to the wealth and advancement of the populace.

Shehbaz Sharif also brought up the assistance given to power users in the summer by the Punjabi and Federal governments.

The prime minister expressed happiness that the economy is steadily approaching stability. He made note of the fact that remittances for the first quarter reached a record-breaking $8.8 billion. This indicates that Pakistan’s economy is progressing, he remarked.

The administration, according to Shehbaz Sharif, also took action to lower the inflation, which is currently only one digit. He said that this was the PML-N’s election manifesto pledge being fulfilled.

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Shehbaz Sharif writes a letter to the president congratulating Donald Trump on taking office.

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In a letter, Prime Minister Shehbaz Sharif congratulated President Donald Trump on taking office.
The US Secretary of State has also received congratulations from Deputy Prime Minister Ishaq Dar, according to Foreign Office Spokesman Shafqat Ali Khan.

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The prime minister speaks with the president of Turkey and offers condolences for the tragic fire incident.

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President Recep Tayyip Erdogan and Prime Minister Muhammad Shehbaz Sharif have expressed their condolences for the devastating fire incident in North-Western Turkey.
The Prime Minister expressed his warmest sympathies to Turkish President Recep Tayyip Erdogan over the phone over the loss of life in the devastating Grand Kartal Hotel fire in northwest Turkey.
The entire Pakistani nation, he continued, is devastated by this news and is praying for the deceased and the injured to recover quickly.
Shehbaz Sharif gave President Erdogan the assurance that Pakistanis were fully supporting their Turkish brothers and sisters during their time of sorrow.
The prime minister praised the Turkish authorities’ prompt response to the regrettable occurrence and pledged to offer any support that would be required in this area.
President Erdogan expressed gratitude to Prime Minister Shehbaz Sharif for the gesture, saying it was a sign of the two nations’ close fraternal connections and their shared intention to further them for their mutual advantage.

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At the launch of Wb’s CPF, the PM speaks German: We appreciate Wb VP’s important contribution to the creation of the country partnership framework.

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The final portion of Prime Minister Muhammad Shehbaz Sharif’s speech, delivered in German during the World Bank’s Country Partnership framework launch ceremony.
In honor of Martin Raiser, the German-born vice president of the World Bank, the prime minister spoke in German.

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