Pakistan, Dec. 17 -- Pakistan has approached the Asian Development Bank (ADB) for financing to support power sector reforms, stabilize the electricity grid, and implement smart metering.

Federal Minister for Power Sardar Awais Ahmed Khan Leghari met ADB Director General Leah Gutierrez to discuss funding and private-sector participation. The government aims to attract investment through public-private partnerships and address debt repayment challenges.

Leghari briefed the ADB delegation on the sector's challenges, including financing constraints, high upfront costs, and rupee cover issues. He highlighted ongoing reforms, noting that excess power capacity has been removed and no additional procurement will occur. Pakistan is moving toward...