Pakistan’s Energy Sector Battles $17.5B Circular Debt Crisis, Endangers Economy
This Debt is Three Times Higher Than Pakistan’s Defense Budget And is Increasing. Islamabad Considers Private Management of State-Owned Power Companies for Up to 25 Years Pakistan’s energy sector faces an imposing challenge as its circular debt has ballooned to a staggering figure, nearing US$17.5 billion. This sum is nearly double the combined budget allocations…
