PM stresses immediate overhauling of power sector to lessen existing burden on consumers August 17, 2020

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PM stresses immediate overhauling of power sector to lessen existing burden on consumers August 17, 2020

ISLAMABAD- Prime Minister Imran Khan says the power sector is affecting the economic growth of the country and immediate overhauling and reform process is essential to lessen existing burden on the consumers.

Chairing a meeting on Power sector reforms in Islamabad today (Monday), he directed early implementation of the restructuring roadmap already approved.

The Prime Minister also advised Minister for Power to apprise the public about the major milestone achieved in negotiations with IPPs and its potential benefits for the consumers including domestic and commercial consumers.

Imran Khan appreciated the progress in mutually agreed changes to the IPP contracts stating that rationalization of cost will help in reducing circular debt.

Issues related to power sector, the proposed roadmap of reforming and restructuring of the sector and other related issues including the issue of circular debt and negotiations with IPPs came under discussion.

The meeting was attended by Planning Minister Asad Umar, Minister for Power Omar Ayub, SAPM Shahzad Qasim, SAPM Nadeem Babar and senior officials.