Nawaz Sharif means business to curb energy shortages..

[Sohaib]

Re: Nawaz Sharif means business to curb energy shortages..

@firenze

Not right away but i am betting NS team going to fire quiet a lot of people in coming months, they will probably shed over 25% of workforce and for the new management there will be performance targets for the medium term. Subsidies will be likely brought down by 30% to 50% in three years.

After three years of tight management and unloading of bad assets and hair cut …well ESCO’s will become prime assets of federal government to privatize.

As far 3-month, 6-month & 12-month treasury bills concerns, i think we can find buyer for 5 Billion $ within Pakistan, t-bills rate will be peg to current SBP base rate of 9.5% maybe for sweeten the deal they will add 1% premium over it business groups & banks with record money sitting in their accounts will flock over it.

Its going to be win-win situation for both people of Pakistan & business groups of Pakistan. Not a bad plan in such desperate situation.

The thing is that NS is putting Energy crisis short term measures on too many variables and subsequently long term ones too. Its a hard step to tackle bigger problems (theft, revenue, line losses) but its a must because this circular debt will pile up again if that continues.