Pakistan, Aug. 22 -- The federal government says Pakistan saved Rs4.3 trillion after revising agreements with six independent power producers (IPP). The Ministry of Energy presented details of capacity payments before parliament. Officials said the contracts were suspended after recommendations from a government task force. The move aims to reduce electricity costs and ease pressure on public finances.

The task force reviewed agreements with several power generation companies. It examined existing contracts and their impact on the government's financial obligations. Officials said the review focused on reducing capacity payments and improving the power sector. Consequently, the government suspended agreements with six independent power p...