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LAHORE, Jan 11 (APP):Pakistan Furniture Council (PFC) Chief Executive Officer Mian Kashif Ashfaq said on Sunday that power sector reforms and infrastructure upgrades are essential to reduce the cost of doing business and attract long-term investment, particularly in energy-intensive industries that rely on consistent and affordable electricity.
Chairing a PFC meeting here, he said a sustainable reform agenda should begin with improving governance
and financial discipline across the power sector.
Reducing line losses, curbing theft and ensuring timely payments along the supply chain can significantly lower overall costs. Transparent tariff structures, aligned with actual generation costs and market realities, will enhance investor confidence while protecting productive sectors from sudden price shocks. Equally important is the gradual shift toward competitive power markets, which encourage efficiency and innovation, he added.
Infrastructure upgrades are critical to ensure reliability. Modernising transmission and distribution networks, investing in smart grids and expanding energy storage will help stabilise supply and reduce technical losses.
At the generation level, Mian Kashif said, prioritising cost-effective and indigenous energy sources including renewables and efficient thermal plants, can diversify the energy mix and mitigate external price volatility.