'Govt needs to get out of power business'

Business
February 18, 2021
KARACHI: The government needs to get out of the power sector’s business to bring perennial structural problems to an end once and for all, energy experts said on Wednesday.
Speakers, during a webinar, agreed that the government should gradually privatise power sector to improve its efficiency.
“Overreaching influence of the government and the ministry is creating problems for institutions, like Nepra [National Electric Power Regulatory Authority],” said Saadia Qayyum, energy specialist at the World Bank. “We need to strengthen Nepra’s capability. At times, governments do not notify changes in tariffs due to political and other reasons.” The webinar was titled ‘Pakistan’s power policies—ensuring access and affordability’. Miftah Ismail, former finance minister said the power sector should move towards the privatisation in order to solve its long-standing issues. “Albeit challenging, this needs to be done,” said Ismail. “We should move towards multiple buyers.”

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