Market Report, "Pakistan Power Report Q3 2013", Published
Problems that plague Pakistan's power sector are unlikely to diminish even as the caretaker government has agreed in principle to reform the sector as conditions under the IMF bailout dictates. The latest nationwide blackout on February 24 highlights the government's lack of operational expertise and coordination between the ministries, problems which will hamper any plans the next government attempts to implement. With the unstable political environment and the lack of improvement in its fiscal balances, we believe the country will...
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