The Pak Banker

Govt vows power reform plan in three weeks

- ISLAMABAD

With circular debt estimated to go beyond Rs2.7 trillion by end of current fiscal year, Energy Minister Omar Ayub Khan said the government would announce full details of the savings in power generation cost through ongoing review of energy contracts in about three weeks.

He said the government would also unveil in three weeks time a detailed reform plan for the power sector including the expected reduction in cost of generation through revised agreements with power producers, improvemen­t in transmissi­on and distributi­on system.

At a hurriedly called news conference, the minister declined to take questions saying all the details would be shared with the media and the

 ?? ISLAMABAD ?? Prime Minister Imran Khan chairs meeting of the Federal Cabinet.
ISLAMABAD Prime Minister Imran Khan chairs meeting of the Federal Cabinet.

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