The World Bank (WB) might stop offering loan to the crumbling power sector of the country ostensibly due to its disagreement over the appointment of Chairman Wapda Syed Raghib Hussain Shah as Coordinator power sector, it is learnt on Sunday.

Apparently perturbed over the appointment of Chairman Water and Power Development Authority (Wapda) as Coordinator of power sector of the country, the World Bank (WB) has threatened to stop funding for the entire sector which is struggling hard to control loadshedding.

This threat from the World Bank surfaced after the government decision to appoint Syed Raghin Hussain Shah to control continued long hours power crisis in the country. The ministry of water and power has taken the decision pertaining appointment of the Coordinator after the approval of President and Prime Minister of Pakistan, a source in power sector disclosed to this newspaper.

He also told that the World Bank which is already giving numerous kinds of loans to power sector has recently assured $800million loan for Dasu project as an initial installment of the loan which through a consortium would touch $2billion.

Interestingly, Senate Standing Committee on Water and Power under the chairmanship of Zahid Khan during last week had also sought a detailed report from the power ministry regarding all those appointments, promotions and transfers which were made in power distributing companies (Discos) during last fifteen days ostensibly at the sweet will of high-ups at the ministry.

Since nepotism and favoritism have ruled the roost in PPP-led coalition government’s entire tenure even blue-eyed appointments, promotions and to responsible slots so a Senate body has recently recommended action against the Hyderabad Electricity Supply Company (HESCO) board that under its chairman, who is brother of farmer minister for water and power Syed Naveed Qamar, has given its approval to promote Chief Executive Officer (CEO) HESCO from BPS-20 to BPS-21.