Pakistan shelves plan to privatise power firms, but IMF approves new loan

http://www.reuters.com/article/pakistan-imf-idUSKCN0VD0E0 The article advises on the Pakistan Government decision not to privatize the essential services of electricity . the article also stated that the Pakistan Government finance Minister advised reforms were well underway in the electricity industry without privatization . The IMF had been expecting sign off by the Pakistan Government on Electricity Privatization . The governments reasons included Union and civil society concerns around privatization as an alternate had now decided to appoint independent boards to bring about reform (this would appear to be following the corporatisation model)  

Readers of this blog would have seen previous reports and advice , under the banner privatization , of the struggle by Pakistan Unions and civil society to bring about the government considerations

Please also note there is very large difference between corporatisation as opposed to privatisation, including the governments appoint the boards, the corporatisation are still answerable to Parliament , surplus funds through reform or change , don go to overseas owners, but are returned to Government for funding schools, hospitals , roads , water services and other core Government activities – this was all citizens benefit not just the investors who live in other Countries .

The next step for the Pakistan Government will be to work with the citizens and Unions for the benefit of all, including addressing the loose of life, through accidents and the pursuit of electricity theft in the Pakistan electricity industry .