Domestic meter manufacturers being alienated
The Energy meter manufacturing has been a local domain since 1965. All kinds of energy meters have been successfully manufactured domestically and are being used. In fact there are approximately 50,000 employees directly related to this industry while an estimated 40,000 workers are indirectly involved in vendor industry. The industry also saves huge foreign exchange […]
Karkey Rental Power Case New evidence might save Pakistan $860 Million
In a recent turn of events the International Centre for Settlement of Investment Disputes (ICSID) suspended an award worth over $860 million (Rs120 billion) in favor of Turkish power company Karkey Karadeniz Elektrik Uretim. ICSID had made the award to Karkey after their contract was canceled by Government of Pakistan because the Supreme Court declared […]