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Defaulting State

Defaulting state

There seems to be no respite from the country‚Äôs power crisis that has been ongoing for eight years now. Experts and the general public alike continue to discuss load-shedding and…

The Rise Of Circular Debt 3.0

The rise of circular debt 3.0

In June last year the government cleared Rs503 bln of outstanding dues of power-sector entities including IPPs, Gencos, oil and gas companies that had piled up due to short collections…

Privatise Or Provincialise?

Privatise or provincialise?

Wapda was unbundled in the 2000s to form generation companies (Gencos), distribution companies (Discos) and the NTDC (National Transmission Dispatch Company). Now, as the last step in the unbundling process,…

A Landmark Judgement By SC

A landmark judgement by SC

In a landmark judgement delivered on December 10, 2013, the Supreme Court of Pakistan held imposition of nine percent additional sales tax on supply of CNG (Compressed natural gas) as…

Flawed Interpretation

Flawed interpretation

Dar has been particularly insistent in proclaiming that his skills on the negotiating table with particular reference to the International Monetary Fund (IMF) got Pakistan a particularly favourable deal with…

Politics Of Energy

Politics of energy

The newly-elected PML (N) government released its energy policy amidst much fanfare. Ignored by the media was the last sentence of the second paragraph, "this document does not elaborate on…