The Federal Govt. and Karachi Electric (KE) have reportedly failed to evolve consensus on the Terms of Reference (ToRs) of Arbitration Agreement. At least three or four high-level inter-ministerial meetings have been held so far to sort out issues related to payables and receivables but the outcome of those meetings remained inconclusive. The last meeting was held to finalise the Arbitration Agreement regarding receivables/ payables of K-Electric. Power Division argued that it is not responsible for the payable/ receivable issues of KE with Karachi Water & Sewerage Board (KW&SB), Sui Southern Gas Company Limited (SSGCL) and Finance Division.
8/3/2021