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Cabinet approves termination of contract with five IPPs

The federal cabinetE has approved the decision to terminate contracts with five Independent Power Producers (IPP). The approval was granted during a meeting of the cabinet in Islamabad on Thursday in order to bring down the prices of electricity. Prime Minister Shehbaz Sharif, while chairing the meeting in Islamabad on Thursday, expressed his resolve to provide relief to consumers in their electricity bills. He said that the contracts were being terminated with mutual agreement of
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