Senate Body Reviews Regulatory Performance, Emphasizes Accountability
Faizan Hashmi Published August 02, 2024 | 05:40 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 2nd Aug, 2024) The Senate Standing Committee on Cabinet Secretariat on Friday reviewed the regulatory performance, emphasized the accountability and legislative reforms in various departments to get desirous results.
The meeting was presided over by Senator Rana Mehmood-ul Hassan. Senator Saifullah Sarwar Khan Nyazee, Senator Mohammad Abdul Qadir, Senator Jam Saifullah Khan, the Secretary of the Cabinet Division, the Chairman of the National Electric Power Regulatory Authority (NEPRA), senior officials from the Oil & Gas Regulatory Authority (OGRA), Ministry of Interior and other affiliated departments were present on the occasion, said a press release.
The meeting commenced with a briefing on the functional structure of the National Electric Power Regulatory Authority (NEPRA), its mandate, the formation of its authority, and its regulatory values.
The officials, while reporting on the principles of regulation, emphasized that their focus is to ensure regulation is consistent, transparent, and open to the general public.
Data on NEPRA’s performance over the last three years was also presented to the committee members.
The officials presented information on tariff determinations, adjustments, and transmission service charge components.
Senator Mohammad Abdul Qadir recommended that NEPRA provide a special briefing on the power sector, as the lack of accountability could lead to unrest in the country.
Senator Saifullah Khan Nyazee advised that an audit report be provided to the committee members, and a forensic audit of the IPPs was unanimously recommended.
The Chairman of the Committee, Senator Rana Mehmood ul Hassan, advised the officials to come up with solutions, as the entire nation bears the brunt of inefficiency in tariff monitoring.
He also suggested that the officials ensure accountability in the determination of tariffs and report on the authority responsible for overseeing this matter.
Additionally, senior officials from the Oil and Gas Regulatory Authority (OGRA) briefed the committee members on its operations and performance.
The meeting also covered the outlook for oil and gas licensees and complaint resolution.
Senator Mohammad Abdul Qadir suggested that OGRA should enhance legislation by implementing area responsibility.
The committee members expressed serious concern over the loss of precious life caused by the cylinder blast.
They recommended increasing the penalties and fines for unauthorized cylinder manufacturing.
Furthermore, the committee members advised the Interior Ministry to produce a report within one week on the legislative aspects related to the incident.
