Pakistan’s finance minister highlights power sector reforms, pledges support for K-Electric

Pakistan's Federal Minister for Finance and Revenue Muhammad Aurangzeb speaks during a meeting with the Chairman of the Board of Directors of K-Electric, Mark Skelton in Islamabad, Pakistan on September 10, 2024. (Photo courtesy: Finance ministry)
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Updated 10 September 2024
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Pakistan’s finance minister highlights power sector reforms, pledges support for K-Electric

  • Muhammad Aurangzeb says government wants participation of private firms in the power sector
  • He promises to support K-Electric's plan to transition to renewables for more affordable energy

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb on Tuesday highlighted the government’s efforts to improve the efficiency of Pakistan’s power sector during a meeting with the Chairman of the Board of Directors of K-Electric, Mark Skelton.

Pakistan’s power sector faces chronic issues, including inefficiencies, high losses and financial instability. The sector is largely composed of power generation companies (Gencos) and distribution companies (Discos), both of which have struggled with outdated infrastructure, circular debt and poor management.

The government has initiated several reforms aimed at addressing these challenges, particularly focusing on enhancing operational efficiency and ensuring more reliable power delivery across the country.

“The Minister recounted the structural reforms being undertaken in the power sector, including the reconstitution of Boards of Directors of Discos by bringing in professionals from the private sector and reducing the number of government nominees to bring in more efficiency in the boards and improve overall service delivery,” said a statement released by the finance division after the meeting.

“He reiterated the government’s resolve to ensure private sector participation in all government-owned Discos and Gencos and mentioned the start of the process of privatizing three Discos in line with the Prime Minister’s vision to enable and facilitate the private sector to lead the economy,” it added.

K-Electric, Pakistan’s largest private utility company, is responsible for generating, transmitting and distributing electricity to Karachi and its surrounding areas.

Its top official briefed the minister about the utility company’s plans to cater to the growing energy demands of Karachi, adding that it wanted to transition to renewables to ensure affordable and sustainable energy for the residents of the port city.

The minister lauded the initiatives taken by K-Electric for further investment and expansion of its power generation and distribution operations, promising full support to make the transition to cheaper electricity possible.


Pakistan opposition rallies in Khyber Pakhtunkhwa to demand release of Imran Khan

Updated 07 December 2025
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Pakistan opposition rallies in Khyber Pakhtunkhwa to demand release of Imran Khan

  • PTI-led gathering calls the former PM a national hero and demands the release of all political prisoners
  • Government says the opposition failed to draw a large crowd and accuses PTI of damaging its own politics

ISLAMABAD: Pakistan’s opposition led by the Pakistan Tehreek-e-Insaf (PTI) party demanded the release of jailed former prime minister Imran Khan at a rally in the northwestern Khyber Pakhtunkhwa province on Sunday, describing him as a national hero who continues to command public support.

The gathering came days after a rare and strongly worded briefing by the military’s media chief, Lt. Gen. Ahmed Sharif Chaudhry, who dismissed Khan as “narcissistic” and “mentally ill” on Friday while responding to the former premier’s allegations that Pakistan’s chief of defense forces was responsible for undermining the constitution and rule of law.

He said that Khan was promoting an anti-state narrative which had become a national security threat.

The participants of the rally called for “civilian supremacy” and said elected representatives should be treated with respect.

“We, the people of Pakistan, regard Imran Khan as a national hero and the country’s genuinely elected prime minister, chosen by the public in the February 8, 2024 vote,” said a resolution presented at the rally in Peshawar. “We categorically reject and strongly condemn the notion that he or his colleagues pose any kind of threat to national security.”

“We demand immediate justice for Imran Khan, Bushra Bibi and all political prisoners, and call for their prompt release,” it added, referring to Khan’s wife who is also in prison. “No restrictions should be placed on Imran Khan’s meetings with his family, lawyers or political associates.”

Addressing the gathering, Sohail Afridi, the chief minister of Khyber Pakhtunkhwa, denied his administration was not serious about security issues amid increased militant activity. However, he maintained the people of his province had endured the worst of Pakistan’s conflict with militancy and urged a rethinking of long-running security policies.

The resolution asked the federal government to restore bilateral trade and diplomatic channels with Afghanistan, saying improved cross-border ties were essential for the economic stability of the region.

The trade between the two neighbors has suffered as Pakistan accuses the Taliban administration in Kabul of sheltering and facilitating armed groups that it says launch cross-border attacks to target its civilians and security forces. Afghan officials deny the claim.

The two countries have also had deadly border clashes in recent months that have killed dozens of people on both sides.

Some participants of the rally emphasized the restoration of democratic freedoms, judicial independence and space for political reconciliation, calling them necessary to stabilize the country after years of political confrontation.

Reacting to the opposition rally, Information Minister Attaullah Tarrar said the PTI and its allies could not gather enough people.

“In trying to build an anti-army narrative, they have ruined their own politics,” he said, adding that the rally’s reaction to the military’s media chief’s statement reflected “how deeply it had stung.”

“There was neither any argument nor any real response,” he added, referring to what was said by the participants of the rally.