ISLAMABAD: Prime Minister Shahid Khaqan Abbasi on Thursday directed an overhaul of the power transmission, distribution and recovery processes of distribution companies (Discos) for cutting down inefficiencies, reducing administrative losses and to find a permanent solution to circular debt.

He was chairing a meeting at the PM Office to review issues related to furnace oil and petroleum. The meeting was attended by Minister for Power Sardar Awais Ahmed Leghari, Secretaries of Finance, Power and Petroleum Divisions, MD Pakistan State Oil and senior officers of concerned departments.

The meeting also reviewed availability and consumption of gas by the power sector.

Decision taken to restrict imports of furnace oil

The prime minister directed for constitution of a high level committee to find solution to the issue of circular debt. The committee would be led by the power minister and would include representatives of ministries of finance and power as well as the Petroleum Division.

The meeting took stock of the existing storage, production capacities of the local refineries and consumption. It was decided to restrict import orders for the furnace oil.

Future import of furnace oil would be conditional to the approval from Cabinet Committee on Energy. The measure would help reduce import bill and ensure optimal operationalisation of LNG-based power plants.

The prime minister directed the ministries of power and petroleum to ensure proper planning to ensure maintenance of required stocks of furnace oil to meet any emergency situation.

The power minister briefed the prime minister on steps taken by the ministry towards streamlining the provision of new electricity connections to the consumers. He said by Jan 15 next year, all pending 0.8 million applications, would be disposed of.

Furthermore, a system is being developed to ensure provision of electricity connections to consumers within 15 days of application, he added.

The power minister briefed the meeting about steps taken to improve the performance of attached departments of the ministry.

Published in Dawn, December 29th, 2017

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...
Islamabad protest
Updated 20 Nov, 2024

Islamabad protest

As Nov 24 draws nearer, both the PTI and the Islamabad administration must remain wary and keep within the limits of reason and the law.
PIA uncertainty
20 Nov, 2024

PIA uncertainty

THE failed attempt to privatise the national flag carrier late last month has led to a fierce debate around the...
T20 disappointment
20 Nov, 2024

T20 disappointment

AFTER experiencing the historic high of the One-day International series triumph against Australia, Pakistan came...