Gas and power sector firms may be transferred to provinces
ISLAMABAD: As the government fails to control the accumulation of circular debt, it has now suggested that gas and power sector firms may be transferred to the provinces in a bid to take the burden off the federal government.
In a meeting of the Economic Coordination Committee (ECC) of the cabinet held on April 26, Prime Minister Shahid Khaqan Abbasi said circular debt in the power sector has reached unsustainable levels.
He said issues of the power sector were discussed in detail at a meeting of the Council of Common Interests (CCI), and it would be appropriate that gas and power sectors be transferred to the provinces.
Published in The Express Tribune, 5th May, 2018