Pakistan, July 24 -- Federal Energy Minister Sardar Awais Ahmad Khan Leghari has announced that Pakistan will implement its first-ever Free Energy Market Policy within the next two months. Once in effect, the policy will permanently end government-led electricity purchasing, shifting the power sector toward open-market competition. The announcement was made during a high-level meeting with a World Bank delegation led by Regional Vice President for MENA, Afghanistan, and Pakistan, Ousmane Dione.

Under the Competitive Trading Bilateral Contract Market (CTBCM) model, electricity will be freely traded between producers and consumers. The model introduces mechanisms such as wheeling charges, while the government's role will be limited to regu...