- Rs9 billion already paid in 2024-25 fiscal year
- New policies in maritime, mobile manufacturing, and railways aim to boost economic growth
ISLAMABAD: Minister for Water Resources Musadik Masood Malik informed the National Assembly that Rs38.925 billion remains outstanding as the Net Hydel Profit (NHP) share owed to the Khyber-Pakhtunkhwa (KP) government as of October 3, 2024. Responding to a question from Sahibzada Sibghatullah, Malik said the Central Power Purchasing Agency (CPPA-G) has raised its payments to WAPDA, enabling monthly disbursements of Rs3 billion to KP following a Finance Division meeting on July 2, 2024. In this fiscal year, WAPDA has so far released Rs9 billion to the KP government.
Separately, Minister for Maritime Affairs Qaiser Ahmad Shaikh announced a new transshipment policy aimed at enhancing Pakistan’s role in global trade by streamlining port operations and creating job opportunities.
Parliamentary Secretary for Industries Shahid Usman revealed that 93% of mobile phones are now assembled locally, and a policy to increase exports of these devices is under development. Parliamentary Secretary for Railways Muhammad Usman Awaisi also reported the induction of 820 new freight wagons and ongoing negotiations with Reko Diq Mining Company to further bolster railway revenue.
Story by Naveed Butt
