The Council of Common Interests (CCI) approved on Thursday a mechanism for at-source deduction of outstanding power sector dues of the provinces.
Finance Minister Ishaq Dar informed a meeting of the CCI, presided over by Prime Minister Nawaz Sharif, that the process of at-source deduction would become effective from July 1 through the federal adjuster.
The participants stressed the need for reconciling old dues. It was decided that representatives of the provinces would sit together to sort out the issue of old dues within 30 days and present a report at the next CCI meeting.
The council approved the Pakistan Energy Efficiency and Conservation Bill 2014 for its placement before the parliament.
