Significantly, Pakistan’s first commercial power plant, Liberty Power, has proposed to renegotiate its contract with the government, suggesting a move away from dollar-based payments and toward all transactions in Pakistani Rupees.
In order to lessen the financial strain on the nation, the corporation is also prepared to lower its profit margins.
This plan was presented at a news conference in Karachi by Shahryar Chishti, Chairman of Pak Asia Investment, the firm that owns Liberty Power.
He stated that the plan is a component of their pledge to assist the country in these difficult economic times. Chishti said, “We’re ready to submit these recommendations to the administration shortly.”
Shahryar Chishti added that the study of the entire electrical system is necessary since excessive consumer electricity bills will eventually have an impact on the viability of power-producing companies.
