Pakistan secures $27M savings in CASA-1000 project negotiations
Business
Pakistan achieves major economic success in CASA-1000 project, saving over $27 million by reducing contractor costs during high-level negotiations in Sweden.
STOCKHOLM (Dunya News) - Pakistan has achieved a significant economic success in the CASA-1000 project, securing savings of over $27 million.
According to a statement from the Ministry of Energy (Power Division), high-level negotiations held in Sweden resulted in a reduction of the estimated costs proposed by the project contractor. This negotiation effectively protected Pakistan’s interests.
Initially, the care and custody cost for Pakistan was estimated at $32.9 million.
Following the negotiations, this cost has been reduced to $9 million, to be shared between Pakistan and Tajikistan, resulting in substantial financial savings for Pakistan.
