9:16 AM
McGhori
KARACHI: Finance Minister Dr Abdul Hafeez Shaikh said Saturday that the largest burden on the national economy is payment of Rs 1 trillion for the subsidy and losses of state-run power entities in the last four years.
“This is huge money”, he said while speaking at Karachi Press Club (KPC) on national economy. “This means that the government is providing electricity to the consumers at a lower price than its cost,” he added.
The minister said that inefficiency and corporate misgovernance are other reasons for incurring colossal losses.
He underlined the need for enhancing the role of private sector in state-run power sector organisations by encouraging public-private partnership to improve their performance and reduce losses.
He...
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