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Government disallows 7% mobilization advance – Alfalah Securities Limited

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by September 5, 2011 Brokerage

Karachi: The government has decided not to allow mobilization advance of 7% for operation and maintenance of four public sector generation companies (Gencos) on account of previous scandals of Rental Power Plants (RPPs) faced by the government.

According to Alfalah Securities Limited, on the other hand, the government has agreed to provide incentives to the contractors in customs duty on import of equipment, machinery and spare parts for thermal power plants apart from income tax exemptions granted to the Independent Power Producers.

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