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Power picks up in Pakistan

The general finance manager of Pakistan’s Water and Power Development Authority (WAPDA), Jawed Nizam, said the Authority’s financial position has improved significantly and it has earned a profit of Rs12.4B (US$400M) during 1998-99. The announcement was made during a press conference. WAPDA’s total income during the period was around Rs127.7B (around US$4B).