Power sector

Seven years ago, lack of power availability was one of the biggest issues in Pakistan

High-level meeting, with representation from the federal govt, to sort out bottlenecks

Govt gives more representation to provinces to decide on major projects

Official tells Senate panel installed capacity stands at over 35,000MW

Minister says scores of companies are interested in making investment

Development comes after govt launched anti-power theft campaign

Power companies will borrow from banks through Sukuk issue to reduce their liabilities

Govt will provide Rs271.5 billion in FY20

Reforms in the power sector could boost business profits by $8.4 billion a year

Finance minister says only current losses may be considered while determining new tariff