{"id":111092,"date":"2020-03-07T12:07:01","date_gmt":"2020-03-07T02:07:01","guid":{"rendered":"http:\/\/leadpakistan.com.pk\/news\/?p=111092"},"modified":"2020-03-07T12:07:01","modified_gmt":"2020-03-07T02:07:01","slug":"lack-of-transparency-in-power-sector-damaging-economy","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/lack-of-transparency-in-power-sector-damaging-economy\/","title":{"rendered":"Lack of transparency in power sector damaging economy"},"content":{"rendered":"<p>big threat<br \/>\nOnline<br \/>\nKARACHI<br \/>\nSenior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Friday said lack of transparency in the ailing power sector is a big threat to the struggling economy.<br \/>\nThere is a disagreement about the volume of circular debt between the power bureaucracy and the regulator which must be hammered out as both cannot be totally right or wrong, he said.<br \/>\nTalking to the business community, the veteran business leader said that the circular debt has reached the mark of two trillion rupees but no serious action has been taken to control it.<br \/>\nThe former minister noted that the power sector bureaucracy prefers fudging data and misreporting over anything concrete to improve the situation which amounts to playing with the future of the country.<br \/>\nPlaying with the words and showing improvement of papers will never improve the situation as it will add to the debt which has already become a grave threat to the economy. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>big threat Online KARACHI Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Friday said lack of transparency in the ailing power sector is a big threat to the struggling economy. There is a disagreement about the volume of circular debt between the power bureaucracy and the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-111092","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lack of transparency in power sector damaging economy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/lack-of-transparency-in-power-sector-damaging-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lack of transparency in power sector damaging economy\" \/>\n<meta property=\"og:description\" content=\"big threat Online KARACHI Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Friday said lack of transparency in the ailing power sector is a big threat to the struggling economy. There is a disagreement about the volume of circular debt between the power bureaucracy and the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/lack-of-transparency-in-power-sector-damaging-economy\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-07T02:07:01+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script 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