Pakistan’s power privatization programme was once the jewel in the crown of a country whose private sector was generally underdeveloped and poorly performing.
Now power is a source of great anxiety as the government struggles to pay for electricity at tariffs it complains are too high. There is even talk of default.
But critics say the real problem is not the electricity tariffs but government inefficiency in selling on the power and collecting revenue.
World Bank president James Wolfensohn has personally urged Pakistan to fix things by privatizing further rather than placing the blame on what has already been privatized.
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