Lack of transparency in power sector damaging economy.

KARACHI -- Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Friday said lack of transparency in the ailing power sector is a big threat to the struggling economy. There is a disagreement about the volume of circular debt between the power bureaucracy and the regulator which must be hammered out as both cannot be totally right or wrong, he said. Talking to the business community, the veteran business leader said that the circular debt has reached the mark of two trillion rupees but no serious action has been taken to control it.

The former minister noted that the power sector bureaucracy prefers fudging data and misreporting over anything concrete to improve the situation which amounts to playing with the future of the country. Playing...