Year: 2020

In the 1990s Pakistan started off on an ambitious multi-step power sector reforms programme. It was a long and drawn-out process that began with the induction of independent power producers followed by the unbundling of WAPDA and creation of the National Power and Regulatory Authority (NEPRA). It was supposed to have culminated in the privatization of all major DISCOs. However, the process fell through for a number of reasons, including the lack of political will. Back in the 1980sn and 1990s, privatization and deregulation of public infrastructure services was a…

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ISLAMABAD, (APP – UrduPoint / Pakistan Point News – 3rd Oct, 2020 ) :Mines and Minerals sector has the potential to spur economic growth and job creation in Balochistan and the government had established state-run minerals companies, said a senior officer of the Mines and Minerals Department on Saturday. To general revenue from the mining sector, the government had formed the Balochistan Minerals Exploration Company (BMEC) and Balochistan Minerals Resource Company Limited (BMRL) to take mining lease in the province, he said while talking to APP. The senior officers said the initiative would lead to increase revenue generation in the province. “Now the companies can partner with the private sector…

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ISLAMABAD: Economic Affairs Minister Makhdoom Khusro Bakhtyar informed the World Bank (WB) on Saturday that the Pakistan government would be able to complete three different development policy credits in due time, if they approve economic reforms proposed by the World Bank and Asian Development Bank (ADB) intended to simplify the execution of development projects. The minister gave this briefing during a meeting with WB Country Director for Pakistan, Najy Benhassine, and shared Prime Minister Imran Khan’s direction to expedite the economic reforms in coordination with global donors. Bakhtyar urged the World…

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