AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

ISLAMABAD: The government has hired Pricewaterhouse Coopers (PWC) for Third Party Validation of the country’s power sector as Prime Minister Imran Khan is unhappy with the performance of sector, sources close to Special Assistant to Prime Minister on Establishment, Shahzad Arbab, told this correspondent.

“As per the direction of SAPM on Establishment, it has been decided that a Third Part Validation Technical Advisory to assess and improve verification process of target status of Performance Agreements (PAs) will commence from February 1, 2022 by Pricewaterhouse Coopers (PWC),” the sources added.

Secretary Power Division has been requested to meet the Advisory Team personally and accordingly nominate a senior officer as a focal person for smooth conduct of the exercise.

On November 22, 2021, SAPM on Establishment wrote a letter to Minister for Energy, Hammad Azhar appreciating Power Division for undertaking the first review of the Performance Agreements FY 2021-2023.

“Review sessions for each Ministry were personally held by me, together with the Peer Review Committee (PRC) comprising Deputy Chairman Planning Commission, and senior representatives of Division of Cabinet, Establishment, Finance and Planning,” said Shahzad Arbab in his letter to the Minister for Energy.

Power sector: no solution?

SAPM on Establishment said quarterly reviews are not only to take stock of progress against the agreed targets between the Prime Minister and the Ministry, but they will also be an opportunity for Ministries to identify delays being caused due to dependences on other Ministries. The PRC facilitates Ministries in resolving their dependencies for speedy implementation of the Performance Agreements.

According to him, Prime Minister has seen the quarterly performance of all Ministries/ Division and expressed his concern at over the low completion rate by Power Division; and directed that the Secretary Power be informed that he will personally review the six months’ performance and urged that performance needs to be improved significantly.

He maintained that average completion of all Ministries is 62 per cent whereas Ministry of Energy (Power Division) has achieved 58 per cent against its committed targets.

The Prime Minister has further directed the following: (i) Third Party audit of Ministries completed targets;(ii) making the ranking of Ministries public from the next quarter;(iii) impact assessment of the initiatives to be conducted at the end of FY 2021; and (iv) award of performance bonus to high performing Ministries.

Copyright Business Recorder, 2022

Comments

Comments are closed.