Muhammad Ali advises private control of Pakistan's energy sector and economic reforms

Muhammad Ali, Adviser to the Prime Minister, advised on economic reforms for Pakistan, calling for the government to transfer energy sector management to the private sector to boost competition and efficiency. He identified energy, taxation, and state-owned enterprises as the three areas most needing reform, noting that high power costs hurt domestic industry competitiveness. He also presented a framework called TRUST, which prioritizes agriculture, textiles, and information technology for export growth and employment creation.

The proposed reforms aim to unlock private capital and improve economic output by addressing structural issues like high power costs and state enterprise management. The framework TRUST seeks to leverage Pakistan's competitive strengths in specific sectors to scale up exports and generate foreign-exchange earnings.