PM Shehbaz Prioritizes Privatization and Outsourcing of Power Utilities

News Desk2 weeks ago

Speaking at the PM House to a group of international energy specialists under the direction of former prime minister of Georgia Nika Gilauri, the prime minister stated that Pakistan wished to capitalize on Georgia’s experience in the field.

He claimed that in order to lower electricity prices, the administration is implementing changes in the energy industry. According to PM Shehbaz, the three main issues facing Pakistan’s energy sector are circular debt, line losses, and electricity theft.

The prime minister emphasized the significance of the energy sector for the nation’s economic development and progress, and he pledged that his administration will put policies in place to lessen circular debt and increase the effectiveness of electricity bill collection.

The prime minister stated that his government wants to lessen its dependency on pricey energy sources and encourage the use of alternative energy sources, especially solar energy.

In the energy industry, he declared, the government will also support public-private partnerships.

The prime minister gave the federal ministers instructions to quickly establish a comprehensive strategy for the fundamental reforms of the nation’s energy industry and to confer with the delegation on these reforms.

The meeting was attended by the following top officials: Minister of State for Finance Ali Pervaiz Malik, Minister of Planning and Development Ahsan Iqbal, Finance Minister Muhammad Aurangzeb, Petroleum Minister Musadik Malik, Power Minister Awais Ahmed Khan Leghari.Earlier, Prime Minister Shehbaz stated that millions of people in Pakistan were impacted by desertification, land degradation, and drought, and he reaffirmed the government’s commitment to reforestation, creative farming methods, and sustainable land management practices.

Read more: President Zardari and PM Shehbaz Sharif Wish Nation and Muslim Ummah on Eidul Adha

In a statement on June 17, Desertification and Drought Day 2024, he declared, “We are committed to achieving land degradation neutrality and enhancing the resilience of our communities.”

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