The Pakistan Business Council Hosts Energy Forum “Pakistan’s Power Sector: Electricity Availability and Cost”

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  • The energy crisis in Pakistan is exacerbated by a lack of reliable information. Conflicting versions and hearsay have led to a general mistrust regarding any news / data.
  • There is a genuine interest in establishing an informed view of Pakistan’s energy crisis as a result.
  • The purpose of this forum is to draw attention towards the major energy-related issues that Pakistan is currently facing, focusing primarily on electricity.

 

PAKISTAN, Karachi, 19 May, 2016: The Pakistan Business Council (PBC), held a forum on “Pakistan’s Power Sector: Electricity Availability and Cost” on 19 May, 2016, in Karachi. Ehsan Malik (CEO of PBC), stated that this is the third event organised by the PBC in 2016 to assist businesses to grow. In January, the PBC hosted over 100 Chinese delegates in CPEC-related B2B interaction. In March, the PBC organised a seminar on potential opportunities in trade with Iran, post the lifting of sanctions.

Welcoming the guests, Atif Aslam Bajwa (Chairman PBC and President & CEO of Bank Alfalah) underlined the critical importance of availability, reliability and cost of grid power while making long term investment decisions. He went on to mention the uncertainty being generated by conflicting media reports and statements from various sources regarding the future of Pakistan’s energy security.

Speaking on the occasion, Khalid Mansoor (CEO of HUBCO) shared with the audience his assessment of the availability and cost of grid power in the coming years. He also listed the various projects that are being undertaking by HUBCO on the generation side, including the Thar Coal project. Also speaking on the occasion, Tayyab Tareen (CEO of K-Electric) outlined the performance of K-Electric since its privatization and also listed the impediments in K-Electric’s efforts to provide uninterrupted power to consumers.

Dale Sinkler (Chief Operating Officer, Generation and Transmission, K-Electric) spoke about K-Electric’s generation and transmission plans. He discussed the shortcomings in the power policy which limits private sector investments in transmission. Asif Saad (Chief Operating Officer, Distribution, K-Electric) discussed the investments made and future projects for distribution by Pakistan’s largest integrated electric utility company. He further pointed out that returns on distribution are the lowest as compared to generation and transmission and that these need to increase to make the sector attractive for the private sector.

About Pakistan Business Council:

The Pakistan Business Council (PBC) is a business policy advocacy forum, comprising of private-sector businesses that have substantial investments in Pakistan’s economy. It was formed in 2005 by Pakistan’s largest enterprises, including multinationals, to allow businesses to meaningfully interact with government and other stakeholders.

PBC is not a trade body nor does it advocate for any specific business sector. Rather, our key advocacy thrust is on easing barriers for Pakistani businesses in the wake of progressive regional and global free trade, as well as improving national investment flows to match target GDP growth rates.

PBC works closely with relevant government departments, ministries, regulators and institutions, as well as other organizations and professional bodies. PBC has submitted key position papers and recommendations to Government on legislation affecting businesses. It is also represented on various taskforces and committees of Government of Pakistan as well as the State Bank, SECP and other regulators with the objective to provide policy assistance on new initiatives and reforms.

PBC also sponsors research to facilitate flow of relevant information to all stakeholders.

More information regarding PBC, its members and its areas of advocacy can be found on its website: www.pbc.org.pk

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