farhan_9909
PROFESSIONAL
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- Joined
- Oct 21, 2009
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Loadshedding with the growing demand despite the some major projects i doubt will end before 2030-35.
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Are things still this bad in Pakistan? I thought the power issue was getting better...
There is no doubt that the last decade has been a lost decade for Pakistan, solely due to the power crisis. I have no doubt that if Pakistan can fix its power issues, it can very likely match India's economic growth, but that will likely take at least half a decade to get started on.
Situation is far better in Karachi though as compared to PPP regime days. If the area you live in is paying its bills and their are no electricity theft then you get electricity 24/7. Most areas of Karachi are now load shedding free. I get electricity 24/7 and mostly face electricity outage because of some maintenance or technical issue.
Don't know about other areas of Pakistan. Members from other cities can tell you better about it.
So will people of Karachi be voting mostly for Nawaz Sharif in the next elections in 2018?
Not really. People are angry with federal and provincial government for neglecting Karachi in infrastructure and development and other issues. Nawaz needs to do lot more to win elections in Karachi.
People also attribute this improvement towards privatization of K-Electric and less on government. The present owners of K-Electric the abraaj group have already modernized K-electric a lot which has resulted in less load shedding. lower line losses and lower electricity theft. Privatization of K Electric is a success story. K Electric also showed a revenue of around 190 billion PKR in year 2014-2015 as per wiki.
This is the reason the new buyer Shenghai electric has bought its majority shares for $1.77 billion.
http://www.samaa.tv/economy/2016/10/shanghai-electric-to-buy-1-77-bln-stake-in-k-electric/
Me and other karachiites are expecting even better performance and more modernization from K Electric after this deal from new buyer since it is said to be a very big company.