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Overhead electricity wires and a utility pole strung between brick buildings on a narrow street in Lahore, under a blue sky with white clouds.
World

Pakistan Has Nine Bidders for a State Power Distributor. The Losses Will Stay on Everyone's Bill.

Pakistan's privatisation board has prequalified nine bidders, three of them Turkish, for a controlling stake in the Gujranwala Electric Power Company, one of nine state electricity distributors the government has told the IMF it will sell by December 2027. Under the plan as reported, the national uniform tariff stays, so customers of efficient distributors will keep paying for the losses of weak ones.