After months of deliberation and rigorous testing, Tauseef H. Farooqi has been appointed as Chairman Nepra. The regulator has to take key decisions in the coming months including passing the cost of circular debt as agreed with the IMF and Net Hydel Profits (NHPs) being advocated by a strong political lobby belonging to the Province of KP.
Initially a Joint Secretary was proposed to be recommended but given possible objections from the IFIs that was withdrawn. Accordingly adjustments were made and revised panel was made and placed before the Cabinet which adopted the recommendations of the interview panel.
