The Khyber Pakhtunkhwa Assembly was informed on Tuesday that the center paid Rs 70 billion arrears under the head of net hydel profit to KP.
Responding to the question raised in the assembly, chaired by Speaker Mushtaq Ahmad Ghani, by Khudil Khan Advocate of ANP, Minister for Finance Taimur Salim Jhagra said Khyber Pakhtunkhwa has been receiving Rs three billion under net hydel profit on monthly basis. He said during the fiscal year, KP received more than Rs 30 billion under the head,
Taimur Salim Jghar said the provincial government would not disown the AGN Kazi formula for payment of net hydel profit to the province. He said a Memorandum of Understanding (MoU) was signed between center and KP government in 2015-16 under which the federal government agreed to pay Rs 70 billion under net hydel profit to KP.—APP
