Pakistan, April 21 -- The Ministry of Energy (Power Division) signed on Monday a Transaction Advisory Services Agreement (TASA) with the International Finance Corporation (IFC), a member of the World Bank Group.

As per a statement, the IFC will act as transaction advisor and conduct a comprehensive techno-commercial assessment "for a service-provider model or public-private partnership framework to support the large-scale rollout of smart metering infrastructure for 10 million single-phase connections". The initiative aims to attract local and international investors to install, maintain, and operate the infrastructure.

The ministry said it had also accelerated the digitization reform of the national power distribution network. The refo...