Inside Financial Markets

Finance Minister chaired a meeting on issues related to Gaddani Power Park

dar newFinance Minister chaired a meeting on issues related to Gaddani Power Park

The Finance Minister Senator Mohammad Ishaq Dar chaired a meeting on issues related to Gaddani Power Park at the Ministry of Finance today.

Secretary EAD, Ms. Nargis Sethi briefed the Finance Minister on the broad framework of the Project. She informed that the site of the Park is ideal as it converges with the available industrial infrastructure at Hub and very close to Karachi. She said that the Park would include ten coal based power projects, ash disposal units, residential area, schools and play areas. She informed the Finance Minister that NESPAK is preparing PC-I for the whole project which would include construction of jetty and related infrastructure.

Finance Minister emphasized that as this is the Flagship projects of the PML-N Government therefore it should be placed on fast track. He said that ultra super technology should be used and detailed study from independent sources should be carried out. He said that the resource envelope is limited and we have to operate within the available resource space. He underlined that domestic private sector resources will be encouraged on BOT basis. He appreciated that this is the least cost energy generation model which will meet our short to medium term energy requirements.

The Finance Minister also directed the IPDF to work in close collaboration project director at Gaddani project. He urged for putting on fast track Jamshoro coal fired project for which funding is already available from the ADB.

The meeting was attended by Advisor to Finance Ministry Rana Assad Amin, Additional Secretary Mr. Shahid Mahmood and senior officials of the Finance Ministry.

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)