Construction of dams should be accelerated: Mian Zahid.

KARACHI -- Senior Vice Chairman of Businessmen Panel of FPCCI and Chief of FPCCI Standing Committee on FBR, Public Utilities and Fairs and Exhibitions and former provincial minister Mian Zahid Hussain on Monday supported the decision of the Prime Minister (PM) Imran Khan to appoint Tabish Gohar as Special Assistant to PM on energy.

Mr Gohar is a foreign qualified and globally known energy expert and has a lot on his credit including bringing K-Electric to profit, therefore, the business community is pinning high hopes on him, he said. Mian Zahid Hussain said that putting the power sector back on track would be a challenge for him and the business community would fully cooperate with him.

Talking to the business community, the veteran business leader said notorious power sector circular debt had jumped to Rs2.28 trillion by September and it was increasing at a worrying pace of Rs1.5 trillion per day.

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The IMF programme which was suspended in January cannot be resumed unless the issue of circular debt is settled according to the wishes of the lender by increasing power tariff to unsustainable levels which is being resisted...