AGL 38.83 Decreased By ▼ -0.06 (-0.15%)
AIRLINK 143.40 Decreased By ▼ -2.00 (-1.38%)
BOP 5.24 Increased By ▲ 0.04 (0.77%)
CNERGY 3.72 Decreased By ▼ -0.06 (-1.59%)
DCL 7.58 Decreased By ▼ -0.09 (-1.17%)
DFML 46.40 Increased By ▲ 1.22 (2.7%)
DGKC 80.88 Increased By ▲ 1.75 (2.21%)
FCCL 27.42 Decreased By ▼ -0.58 (-2.07%)
FFBL 55.00 Increased By ▲ 1.67 (3.13%)
FFL 8.56 Decreased By ▼ -0.09 (-1.04%)
HUBC 111.02 Decreased By ▼ -10.80 (-8.87%)
HUMNL 11.42 Increased By ▲ 0.46 (4.2%)
KEL 3.77 Increased By ▲ 0.02 (0.53%)
KOSM 8.33 Increased By ▲ 0.01 (0.12%)
MLCF 35.20 Increased By ▲ 0.44 (1.27%)
NBP 61.35 Increased By ▲ 2.10 (3.54%)
OGDC 171.90 Increased By ▲ 2.68 (1.58%)
PAEL 25.78 Increased By ▲ 0.18 (0.7%)
PIBTL 5.97 Decreased By ▼ -0.02 (-0.33%)
PPL 127.55 Increased By ▲ 0.05 (0.04%)
PRL 25.58 Increased By ▲ 0.70 (2.81%)
PTC 12.15 Increased By ▲ 0.21 (1.76%)
SEARL 57.00 Increased By ▲ 1.47 (2.65%)
TELE 7.10 Increased By ▲ 0.03 (0.42%)
TOMCL 34.80 Decreased By ▼ -0.35 (-1%)
TPLP 6.95 Decreased By ▼ -0.05 (-0.71%)
TREET 13.85 Decreased By ▼ -0.04 (-0.29%)
TRG 47.05 Increased By ▲ 1.23 (2.68%)
UNITY 26.05 Decreased By ▼ -0.14 (-0.53%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,094 Increased By 113.3 (1.26%)
BR30 27,318 Decreased By -101.9 (-0.37%)
KSE100 85,664 Increased By 753.7 (0.89%)
KSE30 27,441 Increased By 243.7 (0.9%)

The federal government has asked the relevant authorities to conduct the special forensic audit of Peshawar Electric Supply Company (PESCO) and Hyderabad Electric Supply Company (HESCO).

In this regard, the finance division is said to have drafted a number of terms of reference for the special forensic audit of both power sector entities where losses are too high as compared to other power Distribution Companies.

That the majority of power distribution companies are regularly posting immense losses owing to a variety of factors is a fact. Carrying out a special audit of these entities was in fact the responsibility of successive elected governments, particularly those led by Pakistan Tehreek-e-Insaf (PTI) and Pakistan Muslim League-Nawaz (PML-N).

The caretaker government, it increasingly appears, seeks to make a difference, although its ability to do anything big is hamstrung by its limited mandate.

The incumbent caretaker setup, however, has sent a strong message across that it is not a shaky interim government. It is therefore required to take some more bold decisions before the elections because it has no political capital to lose.

Reducing government expenditure must be its one of top priorities. Unfortunately, however, it has miserably failed in this area.

Be that as it may, the government that emerges as a result of the next general election must try to carry forward all the positive steps the present caretaker setup has taken in the larger interest of the country.

Reforming power sector should be its top priority. I wish that every government’s performance is based on evidence rather than political expediency.

Ahmad Raza (Karachi)

Copyright Business Recorder, 2023

Comments

Comments are closed.