Sindh opposes sale of distribution companies

Published February 11, 2014
Sindh Chief Minister Syed Qaim Ali Shah. — File photo
Sindh Chief Minister Syed Qaim Ali Shah. — File photo

KARACHI: Sindh Chief Minister Syed Qaim Ali Shah opposed privatisation of electricity distribution companies in a meeting of the Council of Common Interests held in Islamabad on Monday.

According to sources, the federal government, in pursuance of its general policy of privatisation in accordance with its commitment to the International Monetary Fund, presented its case for privatisation of the distribution companies but failed to evolve consensus.

Mr Shah opposed the proposal and said privatisation of the companies would render tens of thousands of workers jobless.

He also declined to allow providing water to Islamabad from Sindh’s share on the grounds that the province was already facing an acute shortage of water. “Over 20 million people of Karachi are braving acute shortages. In these circumstances, how we can provide water from our share,” he was quoted as saying. The council is reported to have failed to take a decision on holding a census and deferred the matter till its next meeting.

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

Opinion

Editorial

By-election trends
Updated 23 Apr, 2024

By-election trends

Unless the culture of violence and rigging is rooted out, the credibility of the electoral process in Pakistan will continue to remain under a cloud.
Privatising PIA
23 Apr, 2024

Privatising PIA

FINANCE Minister Muhammad Aurangzeb’s reaffirmation that the process of disinvestment of the loss-making national...
Suffering in captivity
23 Apr, 2024

Suffering in captivity

YET another animal — a lioness — is critically ill at the Karachi Zoo. The feline, emaciated and barely able to...
Not without reform
Updated 22 Apr, 2024

Not without reform

The problem with us is that our ruling elite is still trying to find a way around the tough reforms that will hit their privileges.
Raisi’s visit
22 Apr, 2024

Raisi’s visit

IRANIAN President Ebrahim Raisi, who begins his three-day trip to Pakistan today, will be visiting the country ...
Janus-faced
22 Apr, 2024

Janus-faced

THE US has done it again. While officially insisting it is committed to a peaceful resolution to the...