Global lenders including a unit of the World Bank and Asian Development Bank have criticised Pakistan for renegotiating contracts with power producers and warned the move will undermine investor confidence and future private investments The power producers are “not permitted to agree to the changes to any major project document” without the prior approval from the lenders first The development came as Prime Minister Shehbaz Sharif’s cabinet last month approved revised agreements with 14 power firms that saved the country 1.4 trillion rupees ($5 billion). The government has said it is talking to about 100 power producers to revise contracts and reduce the payments burden while confirming the involvement of the country’s powerful military in these talks. https://www.bloomberg.com/news/articles/2025-02-25/world-bank-arm-adb-criticize-pakistan-over-revising-power-deals?utm_medium=email&utm_source=author_alert&utm_term=250225&utm_campaign=author_17847780&sref=8HTMF4ka