ISLAMABAD: The Inter-Provincial Coordination Committee (IPCC) on Monday directed the government entities to formulate a mechanism within three weeks for sharing real-time production data of oil, gas and electricity with the provinces and ensure timely payments of net hydel profit (NHP) to Khyber Pakhtunkhwa (KP) and Punjab.
The meeting was presided over by Inter-Provincial Coordination Minister Riaz Hussain Pirzada and attended by provincial representatives.
Informed source said that KP and Punjab had been complaining against the Water and Power Development Authority (Wapda) for delays in disbursement of their NHP share. The IPCC directed that NHP arrears, payable to Punjab, be reconciled at the earliest.
The sources said Wapda representatives told the meeting they were still waiting for the Central Power Purchase Agency (CPPA) to transfer required funds so these could be paid to KP. The KP government told the meeting it was given Rs25 billion last year, on the last day of the fiscal year, on account of NHP while this year only Rs3bn had so far been disbursed against Rs18bn committed under the agreement.
The federal government agreed that it will share the available data of oil, gas and electricity production with the provinces on a weekly basis. However, the IPCC directed the relevant ministries to sit with the provinces and work out a strategy for real-time access to such data; otherwise the matter will be taken up with the Council of Common Interests (CCI).
Financial claims of KP and Punjab against Federal Board of Revenue (FBR) regarding the cross adjustment of sales tax also came under discussion in the meeting. Member FBR ensured that this issue will be resolved as soon as possible.
The provinces have been demanding real time access to data on production of oil, gas and electricity to ascertain their share in consumption and revenue calculation under a transparent and verifiable mechanism.