Meeting of the Power Sector
Islamabad: A meeting on key issues of the Power Sector was held at the Ministry of Finance on 21 July, 2011. The meeting presided over by Dr. Abdul Hafeez Shaikh, Minister for Finance, Revenue and Economic Affairs was attended by Dr. Asim Hussain Minister for Petroleum and Natural Recourses, Mr. Naveed Qamar, Minister for Water and Power, Deputy Chairman Planning Commission, Secretary Finance and other senior officials of Finance, Water and Power and Petroleum and Natural Resources Ministries.
Measures to ensure the financial sustainability of the power sector were discussed in detail. Resolution of circular debt and curtailment of future build up through cost recovery, increasing efficiency of the sector, improving cash flows of the power sector through recovery of current and outstanding dues of PEPCO and other power sector companies were put forward. The actions being taken for recovery of private receivables of PEPCO was presented. The progress on recovery of receivables from the Federal and Provincial Government departments was also assessed. It was decided that the interaction would continue for smooth functioning of the power sector.
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