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Sources have informed that, Pakistan’s LNG-powered Haveli Bahadur Shah and Baloki power plants will not undergo privatization during the tenure of the caretaker government. This decision follows the ongoing discussions with the International Monetary Fund (IMF) concerning the privatization of state-owned enterprises (SOEs), including these power plants.
Also Read: IMF Asks Pakistan To Privatize Utility Stores
Officials from the Power Division have stated that the process of privatizing these crucial energy facilities cannot be concluded during the interim regime. The responsibility for deciding whether to privatize the Haveli Bahadur Shah and Baloki Power Plants will fall to the next elected government.
The IMF has consistently advocated for the privatization of SOEs as part of Pakistan’s economic reforms. Their proposal suggests that such privatization would bolster foreign reserves. However, with the current caretaker government’s choice to defer privatization, the IMF may exert more pressure during the upcoming economic review.
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