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Pakistan seeks to renegotiate power deals to reduce unsustainable power costs, says Minister Leghari

Pakistan is renegotiating contracts with independent power producers to curb “unsustainable” electricity tariffs, Energy Minister Awais Ahmad Leghari said as power customers face rising unsustainable costs. Rising electricity tariffs have sparked social unrest and shuttered industries in the $350 billion economy, which has shrunk twice in recent years as inflation hit record highs. “The existing price structure of power in this country is not sustainable,” Awais Leghari, a federal minister who heads Pakistan’s Energy Department, told Reuters in an interview on Friday. He said discussions are taking place between power producers and the government because “there is a clear understanding