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JI announces nationwide protest on January 31

Jamaat-e-Islami (JI) has announced a nationwide protest on January 31 over the issue of Independent Power Producers (IPPs). During a press conference in Karachi, JI chef Hafiz Naeem-ur-Rehman, stated that protests would be held simultaneously across the country on January 31. He questioned why the public had not received any relief if the IPPs were benefiting from the agreements. He added that the government claimed negotiations had been completed with 17 IPPs, but Jamaat-e-Islami has been the voice of the people in addressing their concerns. The party also rejected the increase in lawmakers' salaries. Reaffirming the party's stance, he pointed out that parliamentary salaries had been raised by 140%, while Jamaat-e-Islami continues to work for the Palestinian cause. He emphasised that Pakistan must take a proactive role in the restoration of Gaza. Hafiz Naeem-ur-Rehman also remarked that the government must act swiftly in the current geopolitical situation and exert pressure on Arab countries and others to refrain from recognizing Israel. Earlier on January 14, the federal cabinet gave go-ahead to revise the agreements with 14 Independent Power Producers (IPPs), and approved merger of the Aviation Division with the defence ministry and the narcotics control ministry with the interior ministry, as part of the government's austerity drive. The cabinet met here with Prime Minister Shehbaz Sharif in the chair. Addressing the meeting, Prime Minister Shehbaz hailed the process of renegotiations on the power purchase agreements with IPPs, saying that it would result in big saving to the national exchequer. The cabinet approved the Power Division's recommendation to revise the agreements negotiated settlement—with 14 IPPs aimed at reducing electricity costs and saving of Rs1.4 trillion for the national exchequer. After discussion with the 14 IPPs, under the negotiated settlement agreements, the cabinet approved the recommendation for reduction of Rs802 billion in terms of profit and cost of those IPPs. An amount of Rs35 billion in excess profits from previous years would also be deducted from these IPPs.

from Pakistan News, Latest News Pakistan, Pakistan Headline | The Express Tribune https://ift.tt/G28di6P
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