FPCCI to Challenge IPP Contracts in Supreme Court

Former caretaker minister for commerce, Dr. Gohar Ijaz, has announced that the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) will approach the Supreme Court to challenge the contracts of independent power producers (IPPs).

In a message on social media platform X (formerly known as Twitter), Dr. Ijaz stated that the FPCCI, which represents Pakistan’s business community, has resolved to file a petition urging the court to intervene in the IPP agreements, describing the situation as intolerable and impacting the right to life of every Pakistani.

“Pakistanis are facing a heavy financial burden under the IPPs contract. Billions have been paid to companies that do not produce electricity. The high cost of electricity has become unbearable for Pakistanis, pushing citizens into poverty and causing businesses to go bankrupt,” said Dr. Ijaz.

He highlighted a detailed report authored in 2020 by former interim energy minister Muhammad Ali, revealing significant losses due to government incompetence and IPP misrepresentations. Dr. Ijaz questioned why the report’s recommendations, including a forensic audit, have not been fully implemented.

Dr. Ijaz emphasized that the government must prioritize the survival of 240 million Pakistanis over guaranteed profits for 40 families. He stressed that Pakistan is rich in resources and that eliminating mismanagement is key to prosperity.

News Desk