Pakistan has decided to outsource  the management of power distribution companies (DISCOs) in an attempt to reduce losses, bring efficiency and attract investment.      The government of Pakistan has agreed with the International Monetary Fund  that it will engage a transaction adviser for long-term concessions by the end of April 2024. The World Bank has offered a grant-based technical assistance and risk guarantee instruments, which give greater confidence to the prospective private concession holders and their lenders. The International Finance Corporation has expressed interest in providing transaction advisory services.   Policymakers noted that under such concessions, Turkey’s 20 DISCOs attracted a much larger private sector investment than under the public sector, ensured much better service quality for consumers and reduced losses by one-third in a decade.      Privatization trough long-term concession contracts falls within the domain of the Privatisation Commission rather than the Power Division. Therefore, the matter should be dealt with by the Privatisation Commission. (ICE ISLAMABAD)

Fonte notizia: the express tribune