New Market Research Report: Pakistan Power Report Q4 2013
Since the Pakistani general election held on May 11 2013, the government has attempted to improve the country's power situation with a variety of measures, including a new five-year energy plan that was released on July 21. Despite political determination increasing, we believe the plans are too ambitious, given that hurdles to privatisation remain substantial as tariff hikes remain difficult to secure. With the unstable political environment and the country's fiscal balances unlikely to improve, the problem of circular debt...
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