CPC and CEB: Without Reforms We Will All Tumble Down
The Pathfinder Foundation (PF) welcomes the recent adjustment in fuel prices and the anticipated further reforms in the power and energy sector. It has advocated institutional changes, competitive industry structures and PPPs as in the case of the telecom sector. The massive accumulated losses of the CPC and CEB, amounting to about Rs. 400 billion, have seriously undermined not only the health of the state banks but ultimately public finances as a whole.