Power sector: ICCI concerned over circular debt

President Chambers of Commerce and Industry stressed need to evolve new policy to attract private sector investment.

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) has expressed grave concern over the swelling circular debt in the power sector that has touched alarming levels and urged policy makers to tackle the problem in order to maintain the macro-economic stability of the country.

President Islamabad Chambers of Commerce and Industry, Zafar Bakhtawari in a statement said that the Ministry of Finance and the Ministry of Water and Power should take urgent steps for making payments to cope with the fast deteriorating energy situation.

Bakhtawari said there was a need to evolve an altogether new policy to attract private sector investment in electricity generation to overcome the gap between the demand for electricity and the supply.

Published in The Express Tribune, April 2^nd, 2013.

Like Business on Facebook to stay informed and join in the conversation une, April 2^nd, 2013.