{
  "id": 19430302,
  "title": "Public Accounts Committee seeks to delay power firms’ sell-off until asset valuation",
  "url": "https://urgent.news/2026/11/11/public-accounts-committee-seeks-to-delay-power-firms-sell-off-until",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-11T02:21:29.000Z",
  "source": {
    "name": "Dawn",
    "slug": "dawn",
    "url": "https://www.dawn.com/news/2043675/public-accounts-committee-seeks-to-delay-power-firms-sell-off-until-asset-valuation"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Public Accounts Committee (PAC) has proposed delaying the privatisation of power companies until their assets are properly assessed and revalued. This proposal came after concerns raised by the Auditor General of Pakistan regarding outdated valuations of public assets. The committee expressed worry that the government's reliance on these outdated valuations could lead to potential losses for the national exchequer. The issue of asset valuation was further highlighted by the committee's examination of audit reports of the Power Division and its attached entities for 2024-25, where it was noted that the management had failed to revalue fixed assets worth Rs624.47 billion. The committee also raised concerns over the Rs8.6bn payments made by electricity consumers due to poor planning, faulty procurement of equipment, and deficiencies in the performance of a grid station and its associated transmission line. The Privatisation Commission and the Power Division were directed to submit detailed reports at the next meeting.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}