ISLAMABAD: The federal government while submitting its reply to the Supreme Court on Monday said that K-Electric owes Rs 130 billion to various government institutions and after privatisation in 2008, it was given exceptional benefits.
In its reply, the federal government stated that since 2005, the concessions given to K-Electric have caused losses equaling Rs 269 billion to the government.
It went on to say that after 2009, the concessions given to K-Electric gave the power company profits of Rs 49.3 billion.
The government appealed to the court to reject the plea filed by K-Electric and fine it heavily.
Oct 19, 2017 0
The 68th Anniversary of the Founding of the People’s Republic of China.
— The Daily Mail - People's Daily