ISLAMABAD - Finance Ministry has asked Water and Power Development Authority (WAPDA) to adhere to last arbitration over NWFPs receivables as share from the net hydel profit so that the matter should not impede the National Finance Commission Award formulations. According to sources in the Ministry, Finance Minister Shaukat Tarin has required the WAPDA to come up with a positive report on the issue at the earliest preferably by September 4-5 when the subgroups of the NFC are to meet here in Islamabad. The sources said that the Minister acting as fresh arbiter between the WAPDA and the NWFP during a special meeting on August 29, in so many words, upheld the last decision of an arbitration commission over the payment of net hydel profit to the province. The arbitration commission under Justice (R) Ajmal Mian had decided some five years back that the WAPDA owed Rs 110 billion to NWFP as their share in the net hydel profit. Notwithstanding the WAPDA had accepted the arbitration with the Federal Government as the guarantor to it, the Authority later went to a civil court and obtained a stay order. Senator Haji Adeel, Member NFC from the NWFP told TheNation that Rs 110 was the principle amount while arrears in terms of interest and late payment cost over the five years had piled up to Rs 141 billion taking the total amount to Rs 251 billion. He confirmed that the Finance Minister, while upholding the last arbitration as well as moving as guarantor to it has promised to release Rs 110 billion principal amount from the Centre to the province in four to five annual installments. The first installment between Rs 25 billion to Rs 30 billion would be released to the NWFP this year, he hoped. About rest of the claim (of Rs 141 billion), the Senator said, the Finance Minister had assured the NWFP delegates to the NFC that it would be settled through mutual understanding and recalculations. It appears that the net hydel profit issue of the NWFP is no more in the way of the NFC that is to meet again in the form of the subgroups tomorrow and the day after (on September 4-5). Contrary to the demand of majority provinces namely Punjab, NWFP, and Balochistan, the Center has accepted Sindhs insistence on discussing the horizontal distribution before the vertical issue. Therefore, the subgroup of the NFC on horizontal distribution with the Finance Minister in chair and consisting of all the members of the Commission is meeting tomorrow (September 4). The second group of vertical distribution that would decide what share the provinces should get from the divisible pool of resources against the Center would meet on September 5. It might create problems for us because it is contrary to the logical sequence of the distribution of resources that horizontal division should follow vertical issues determination, Senator Adeel observed while talking to TheNation.