Pakistan's energy sector remains mired in crisis

April 12, 2013 at 3:02 PM
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ISLAMABAD, April 12 (UPI) -- Pakistan's government remains mired over cash shortfalls to resolve the country's energy crisis.

Finance Ministry adviser Rana Asad Amin said that at a meeting chaired by the prime minister it was decided that the country's power sector would be provided $204 million, but that the amount would not be provided immediately but rather paid in increments over the next 30 days.

Earlier, a senior Finance Ministry official, speaking on condition of anonymity denied receiving any directives from the prime minister's Secretariat to release $204 million to power sector, stating, "We have been hearing through media that the prime minister directed the Finance Ministry ... but we have not received any directive in writing," the Business Recorder reported on Friday.

Amin added that the government is committed to ensuring the provision of fuel to thermal power plants for electricity generation, noting the Water and Power Ministry has been requesting a massive cash injection over and above the budgeted amount, observing that it was imperative for the ministry first to recover unpaid bills from both the public and private sector before seeking additional government funding.

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