ISLAMABAD - Chairman Privatization Commission Muhammad Zubair has said that privatization is crucial for the people, government and private sector of the country.

Talking to Radio Pakistan, Muhammad Zubair said that there were seventy institutions which would be privatized in the next two to three years especially in the power sector. He added government is trying to minimize the gap between demand and supply in power sector.

“There are several causes of circular debt including, line losses, lack of collection and mismanagement” he said.  He added that the only solution of energy crisis is to privatize power sector.  Responding to a question, he said that our investment policy is same for local and foreign investors.

Meanwhile, an official of Wapda while talking to app said that Wapda expedites work on small dams  to irrigate over 130,000 acres of land in various areas of the country, said an official of Water and Power Development Authority. He said Nai Gaj Dam was being constructed in Sindh, Ghabir Dam in Punjab, Kurram Tangi Dam in Khyber Pakhtunkhwa and Fata. The dams would help storing 650,000 acre feet of water, enough to irrigate more than 130,000 acres of land.

The official of WAPDA said these projects are of immense importance for poverty alleviation and socio-economic development in the far-flung areas, besides controlling migration from the backward areas.

He said that Naulong, Winder, Ghabir and Nai Gaj dams would be completed in three years adding that Naulong Dam located in Jhal Magsi district of Balochistan has the gross water storage capacity of 242,000 acre feet, with a command area of 47,000 acres, while the Winder dam will store 36,484 acre feet of water and irrigate 10,000 acres of land. Ghabir Dam located in Chakwal district of Punjab with a gross storage capacity of 66,200 acre feet will irrigate 15,000 acres of land.   Similarly, the Nai Gah Dam being constructed in Dadu district of Sindh, has a gross storage capacity of 300,000 acre feet with a command area of 57,800 acres, he added.