ISLAMABAD: During a high-level discussion over the electricity sector on Thursday, Prime Minister Shehbaz Sharif gave the go-ahead for the authorities to accelerate the pace of privatization and outsourcing of the power distribution companies (Discos).
The prime minister, who was presiding over the conference, emphasized the need to enhance the management of the Discos by enlisting the help of private sector specialists and internationally recognized models.
Additionally, he gave the order to prepare and present a comprehensive plan to upgrade the nation’s electricity grid at the following conference.
He claimed that the country’s circular debt would be reduced as a result of reforms in the power industry. Additionally, he promised to stop any actions that could jeopardize the nation’s finances, such as theft of electricity.
Proposals and actions to stop power theft, restructure the National Transmission and Dispatch Company, and launch new transmission projects were made during the meeting. The Matiari-Rahim Yar Khan transmission line and the Ghazi Barotha-Faisalabad line would be built to guarantee power transmission from the southern region of the nation, it was informed to the gathering.
The gathering was also informed that a thorough plan had been developed for the reorganization of NTDC in order to minimize the government’s circular debts and overhaul the power transmission system. The prime minister urged all reform efforts to be finished before the deadline.
Saudi financial involvement
PM Shehbaz promised to personally oversee the Saudi investment projects during a separate meeting pertaining to the matter. He also cautioned against any delays resulting from antiquated systems or bureaucratic red tape.
He thanked Saudi Crown Prince Mohammed bin Salman for sending a high-level delegation, which is anticipated to mark the beginning of new Saudi investment, trade, and business relations with Pakistan.
During the visit of the Saudi team, he praised the relevant federal ministries, the Special Investment Facilitation Council (SIFC), and other senior officers for their efforts in fostering a mutually beneficial collaboration.
