Pakistan Power Politics (PPP)
In 1993, the Pakistan Peoples Party won elections. In 1994, Prime Minister Benazir Bhutto unveiled Power Policy 1994. The Private Power and Infrastructure Board (PPIB) was inundated with 116 applications amounting to an accumulated generation capacity of 26,000 MW. The PPIB selected 75 applications — amounting to an investment of some $20 billion — to whom it issued its Letter of Intention (LoI).