AGPR ordered to release Rs 8bn for Zarb-e-Azb

ISLAMABAD: The Finance Ministry on Monday ordered the Accountant General Pakistan Revenue (AGPR) to release Rs 8 billion to the Ministry of Defence for the operation Zarb-e-Azb.     The sanction letter in this regard was issued by the ministry on the special directive of Finance Minister Ishaq Dar, who had already approved an amount of Rs 15 billion for the operation, a ministry spokesman said. He said the remaining Rs 7 billion would be released by month end. The Defence Ministry had requested to release the amount.  The spokesman said the finance minister had also approved Rs 20 billion as tariff subsidy for life-line consumers, who used up to 50MW electricity. The amount had been released to the Water and Power Ministry for onward distribution to Pakistan State Oil (PSO) and independent power producers (IPPs) to improve power generation. Water and Power Secretary Nargis Sethi briefed the Committee on Energy Resource Rationalization the other day about various issues being faced by the ministry. The committee was formed by Prime Minister Nawaz Sharif to address various issues faced by the Water and Power Ministry in collecting receivables from various sectors. 

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