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IPP built for Rs 50 billion has received payments of Rs 400 billion: FPCCI

Abdul Mohamin, the acting president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), demanded that details of the agreements with Independent Power Producers (IPPs) be made public. During a press conference on Monday, Mohamin highlighted that IPPs receive monthly capacity payments of Rs 150 billion, including payments to non-operational and partially operational units. He called for a forensic audit of all IPPs, stating, “If irregularities are found, Pakistan can appeal through international courts.” Mohamin noted that the cost of electricity has become exorbitant, leading to widespread shutdowns of businesses and industries. “An IPP set up for Rs