Agreements with IPPs are a noose around our necks: CJP.

Islamabad -- Chief Justice of Pakistan Justice Mian Saqib Nisar on Wednesday remarked agreements made with independent power producers (IPPs) have become a noose around our necks.

Secretary power division, counsels of power companies and representatives of IPPs appeared before the court as a bench, headed by the chief justice, heard a suo motu case of excessive payments made to IPPs.

As the hearing went under way, Justice Ijazul Ahsan turned to the power secretary and said, 'As per the report, each IPP was paid an excessive amount of Rs159 million. You made payments based on capacity.'

Further, the chief justice remarked, 'Millions of...