Power sector lost Rs500 bn to corruption, profiteering

ISLAMABAD: Out of the total provided subsidy of Rs1,300 billion, more than Rs500 billion has gone down the drain as a result of rampant corruption, theft and gross inefficiencies of the power sector during the last four years under the PPP-led regime, The News has learnt.This has taken place despite the raising of power tariffs by approximately 120 percent over the last four years in the shape of an increasing gap between the cost of generation and collected bills, fuel adjustments and other hea... more

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