Power sector: PBIF chief not satisfied with pace of reforms

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has said that pace of reforms in the power sector is frustrating which is threatening economic stability of the country. Power sector reforms are directly linked to investors' confidence, he said. He said that power sector losses could not be reduced during 2014-15, circular debt reached to two percent of the GDP to Rs 600 billion and recoveries were down by one percent.
The masses and economy continue to get punished for the weakness of the power sector which must get immediate attention of the authorities concerned. Mian Zahid Hussain said the government had assured IMF to hike power tariff, keep surcharge intact, reduce losses and 100 percent collection but steps in this direction are yet awaited.