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Govt wants to settle Hubco issue: Shaukat

RECORDER REPORT

LAHORE: Federal Finance Minister Shaukat Aziz has said that the government intends to resolve the issue of Hubco commercially as reflected by withdrawal of the meter-tempering case.

Addressing a press conference at the Institute of Overseas Pakistanis here on Monday, he said that the government wanted the power tariff rate to be in accordance with the Wapda's ability to pay. The World Bank, he said, would also play a role in the settlement of this issue.

He observed the government was conscious that the issue had shaken the investor confidence to some extent. Nevertheless, he asserted, whatever the decision may be it would be in line with the national interests.