Cabinet Committee on Privatization discusses efficiency of DISCOs

ISLAMABAD: Adviser to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh chaired meeting of the Cabinet Committee on Privatization in Islamabad on Monday.
While presenting the report of the task force on energy reform, the Ministry of Energy briefed the committee about the challenges being faced by the power distribution companies.
Various measures recommended by the task force for improving the performance of energy sector with a focus on reduction of losses and enhancing the efficiency of DISCOs were discussed during the meeting.
The committee directed the Ministry of Energy to submit proposals aimed at accelerating closure of those generation companies that have outlived their recommended life and are running into losses.
Privatization of Pakistan Steel Mills was also discussed.
The Committee directed Ministry of Industries and Production and Privatization Commission to submit their proposals in the next meeting of Cabinet Committee on Privatization.
Issue of delisting of House Building Finance Corporation Ltd from the privatization list was also recommended to be presented in the next meeting.


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