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IMF ‘asks’ Pakistan for privatisation of national entities

  • 2 min
The IMF mission in Pakistan expressed concerns over government-owned entities' increasing losses, requesting a fresh report. The Pakistani authorities assured submission of the report within two days. The IMF reportedly urged Pakistan to privatize government-owned enterprises as part of addressing the finance shortage, amid ongoing talks between the two. Prime Minister Shehbaz Sharif announced plans to privatize all state-owned enterprises.
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ECC okays proposal to resolve issues between K-Electric, govt entities

  • 2 min
The Economic Coordination Committee (ECC) approved the draft of a key agreement between K-Electric (KE) and the government of Pakistan entities. This includes the Power Procurement Agency Agreement, Inter-Connection Agreement, Tariff Differential Subsidy Agreement, and Mediation Agreements. The ECC also directed the Power Division to present KE's generation enhancement plan to the Cabinet Committee on Energy. - Khabristan.PK