The Institute of Chartered Accountants of Pakistan has opposed privatization of distribution companies

The Institute of Chartered Accountants of Pakistan (ICAP) has opposed privatization of distribution companies (DISCOs), and termed it harmful if done with the existing infrastructure. “DISCOs wished more relaxation in losses rather than improving ill performance, he said, suggesting not agreeing with the IMF on privatization of DISCOs. Instead, [Economic Advisory Committee and power sector specialist Salman Amin] recommended separating the transmission and distribution business of DISCOs in the next four to five years.”