Hammad Stresses For Timely Completion Of Power Sector Reforms
Faizan Hashmi Published April 16, 2021 | 06:18 PM
Federal Minister for Finance, Revenue, Industries and Production, Muhammad Hammad Azhar Friday stressed the need to follow a structured approach for timely completion of envisaged reforms in the power sector
ISLAMABAD, (UrduPoint / Pakistan Point News - 16th Apr, 2021 ) :Federal Minister for Finance, Revenue, Industries and Production, Muhammad Hammad Azhar Friday stressed the need to follow a structured approach for timely completion of envisaged reforms in the power sector.
The federal minister was chairing a meeting to review progress on reforms in the power sector, according to press statement issued by the Finance Ministry.
Among others, the meeting was attended by Federal Minister for Economic Affairs Division, Makhdum Khusro Bakhtyar; SAPM on Power and Petroleum, Tabish Gauhar; Secretary Finance Division; Secretary Power Division;Secretary Economic Affairs Division and other senior officers.
Hammad stressed that time was of essence for reduction in circular debt, upgradation in transmission and distribution infrastructure and improved service delivery in the power sector and stated that facilitating the common man was the top priority for the government.
He said the unaffordable cost of electricity generation, circular debt build-up and leakages in the transmission system had made the Power sector financially challenging, he added.
According to the statement, the minister commended the efforts made to set the future direction of the Power sector.
Earlier, Secretary Power briefed the minister about the efforts being made for reformation of the Power sector with a view to provide maximum relief to the electricity consumers.
He said, the key focus of the reform process was to bring efficiency, cost effectiveness and sustainability in the system, adding a consultative process was being followed to ensure all stakeholders on board.
The minister was also updated about the Circular Debt Management plan and related matters.
Related Topics
Recent Stories
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
Tennis: ATP/WTA Madrid Open results - 1st update
Long-lost Klimt portrait auctioned off for 30 mn euros
Osaka seals first win on clay since 2022 in Madrid
Earthquake jolts Karachi
Sindh minister orders operation after attack on police in Ghotki
TikTok to fight US ban law in courts
More Stories From Business
-
Mired in crisis, Boeing reports another loss
2 hours ago -
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
2 hours ago -
British-Pakistani firm unveils $35 million luxury apartments for overseas Pakistanis in Islamabad
3 hours ago -
European stocks lose momentum after global rally
3 hours ago -
New pulses varieties imperative to cater domestic food requirements: Dr Khalid Hasan
4 hours ago -
CEO KP-EZDMC meets CRBC officials
4 hours ago
-
Pakistan among nine poor countries that produces 90 percent cigarettes for world
5 hours ago -
Chief Minister Gilgit Baltistan Haji Gulbar Khan calls on Minister for Privatisation
5 hours ago -
Germany nudges up growth forecast, ailing economy at 'turning point'
5 hours ago -
Revised UAF budget recommended
5 hours ago -
IDEA, TEVTA organizes Job Fair for youth
5 hours ago -
Massive financial, administrative scam unearthed at SCCI
6 hours ago