Federal Minister Hammad Azhar has stressed the need for following a structured approach for timely completion of envisaged reforms in the power sector.
The minister was chairing a meeting on Friday to review the progress on reforms in the power sector, according to a statement issued by the finance ministry.
Azhar, who was removed from the office of finance minister and was given the energy portfolio on Friday, said that time was of the essence for the reduction in circular debt, upgrade of transmission and distribution infrastructure and improved service delivery in the power sector, adding that facilitating the common man was the top priority of the government.
He said, “The unaffordable cost of electricity generation, circular debt buildup and leakages in the transmission system have made the power sector financially challenging.”
He said, “The key focus of the reform process is to bring efficiency, cost effectiveness and sustainability to the system,” adding that a consultative process was being followed to ensure that all the stakeholders were taken on board. APP