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February 18, 2021
KARACHI: The government needs to get out of the power sectorâs business to bring perennial structural problems to an end once and for all, energy experts said on Wednesday.
Speakers, during a webinar, agreed that the government should gradually privatise power sector to improve its efficiency.
âOverreaching influence of the government and the ministry is creating problems for institutions, like Nepra [National Electric Power Regulatory Authority],â said Saadia Qayyum, energy specialist at the World Bank. âWe need to strengthen Nepraâs capability. At times, governments do not notify changes in tariffs due to political and other reasons.â The webinar was titled âPakistanâs power policiesâensuring access and affordabilityâ. Miftah Ismail, former finance minister said the power sector should move towards the privatisation in order to solve its long-standing issues. âAlbeit challenging, this needs to be
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Uzbekistan to invest in Punjab’s textile sector Staff Report
Punjab Governor Chaudhry Mohammad Sarwar visited Uzbekistan with a business delegation, including Gohar Ijaz, head of All Pakistan Textile Mills Association (APTMA).
Investors of Uzbekistan’s Namangan province announced an investment in textile and other sectors of Punjab. Full technical assistance will also be provided to Pakistan for increased cotton production.
According to details issued from Governor’s House Lahore, Governor Chaudhry Mohammad Sarwar along with Gohar Ijaz, Head of APTMA, Fawad Mukhtar-Chief Executive of Fatima Group of Industries, Businessman Ahsan Bashir, President of Uzbekistan-Pakistan Trade and Cultural Center Lahore-Rohail Ikram visited Namangan province of Uzbekistan upon the invitation of Governor of Namangan Shavkat Abdurrazakov. Governor Mohammad Sarwar with his delegation received a warm welcome by High-ranking officials of Uzbekistan and members of the Pakist
Pakistan’s textile sector - which alone attracts around 60% of the total export earnings - reports that they have started losing international buyers’ orders to regional competitors and their new investment and expansion plans have gotten jeopardised in the wake of government’s decision to cut gas supplies for power production to their individual units.