Pakistan

PM notes unreformed power sector affecting economic growth

PM notes unreformed power sector affecting economic growth

PM notes unreformed power sector affecting economic growth, while chairing a meeting on the power sector reforms in Islamabad on Monday.

Prime Minister Imran Khan said the power sector was affecting the economic growth of the country.

PM notes unreformed power sector affecting economic growth

Furthermore, he said its immediate overhauling and reform process was essential to lessen existing burden on the consumers.

The prime minister also directed for early implementation of the restructuring roadmap already approved.

According to a press release of PM Office Media Wing, the prime minister appreciated the progress in mutually agreed changes to the Independent Power Producers (IPPs) contracts.

Moreover, he said rationalization of cost would help in reducing the circular debt.

Minister for Planning Asad Umar, Minister for Power Omar Ayub, Special Assistants to PM Shahzad Qasim and Nadeem Babar, and other senior officials attended the meeting.

Furthermore, they discussed the issues related to the power sector, the proposed roadmap of reforming and restructuring of the sector.

Other issues, including the issue of circular debt and negotiations with the IPPs also came under discussion.

The prime minister also advised the minister for power to apprise the public of the major milestone achieved in negotiations with the IPPs and its potential benefits for both domestic and commercial consumers.

GTV

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