Pakistan, Nov. 11 -- The International Monetary Fund (IMF) has urged the government for timely completion of privatization of the power distribution companies, official sources said.

"It will be unwise to extend running the public funded power distribution companies," the IMF is quoted as telling to the government authorities. "The Government of Pakistan should privatize the power distribution companies in time", the lender stressed. The IMF has said that the losses of the distribution companies are the major cause of the deficit. "The losses in the energy sector are a major part of the losses to the state-owned corporations," IMF referred as saying. "Privatization is necessary to remove the power distribution companies' losses from the ...