Pakistan, Feb. 17 -- The Pakistan Industrial and Traders Associations Front (PIAF) on Sunday observed that power sector has long been afflicted by gross inefficiency, huge losses, and unstable finances, stressing the need for its restructuring of its debt, long-term reforms and privatization, as the experts have revised economic growth projection downward to 3% for fiscal year 2025, reducing its earlier estimate of 3.2%.

PIAF Chairman Faheemur Rehman Saigol, in a joint statement along with senior vice chairman Nasrullah Mughal and vice chairman Tahir Manzoor Chaudhary said that long-term reforms of the power sector was crucial for improving operational effectiveness, and lessening the financial strain on the government.

Faheem Saigol sa...