PM forms task force for power sector reform

August 05, 2024 (MLN): In a move to alleviate the financial strain on the Federal Government and revamp Pakistan's power sector, the Prime Minister has constituted a Task Force to identify and oversee the implementation of structural reforms.

The initiative aims to establish an efficient, liquid, and self-sustaining competitive power market, ensuring the long-term sustainability and efficiency of the sector.

The Task Force will play a crucial role in guiding these reforms, which are expected to reduce costs and improve service delivery.

Mr. Sardar Awais Ahmad Khan Leghari, Federal Minister for Power will be the Chairman of this task force with the Co-Chair Mr. Muhammad Ali, Special Assistant to the Prime Minister on Power.

The Terms of Reference (ToRs) of the Task Force include recommending measures for making power sector financially and operationally sustainable, overseeing the development of an efficient and liquid power market design along with its implementation.

It will also recommend utilization of excess capacity by industries/SEZs for stimulating growth.

The Task Force may co-opt any expert from public/private sector and engage or seek record and information and/or assistance from local and/or international consulting firms, bankers, legal advisors, chartered accountancy firms, or any other organization or individual as deemed necessary.

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