New Delhi, May 13 (IANS) Taxation, exports and energy reforms continue to remain Pakistan’s weakest economic areas due to poor implementation, policy inconsistency and entrenched institutional constraints, a report has said.The report published in Business Recorder showed that Pakistan have repeatedly failed to implement reforms in a sustained and consistent manner, resulting in low growth, weak exports and continued dependence on external financing support.The country’s export sector reflec…
Latest Circular Debt News & Updates
New Delhi, May 5 (IANS) Pakistan’s economy is under mounting pressure as its total debt and liabilities have surged to Rs 85 trillion over the past four years, which highlights a steep rise in fiscal stress amid limited structural reform, a report has said.A report in The News Pakistan highlighted that the country’s debt and liabilities have increased from around Rs 55 trillion four years ago to Rs 85 trillion at present — an overall jump of nearly 55 per cent. This translates into an avera…
New Delhi, April 29 (IANS) The deep crisis in Pakistan’s power sector, in which consumers are left to pay huge electricity bills amid widespread outages, has resulted from excessive borrowing and financial mismanagement by the ruling establishment, according to an article in Geo News.At the heart of the problem is that Pakistan’s Independent Power Producer (IPP) model violated nearly every condition of development finance. Take-or-pay contracts transferred demand risk from investors to consu…
New Delhi, Jan 26 (IANS) Pakistan’s energy crisis is not the result of a lack of plans, but of persistent disregard for implementation, coordination and market-based principles, a new report has said.The report in Business Recorder says that Pakistan’s circular debt in the energy sector continues to swell and policy fragmentation deepens institutional paralysis.The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has slammed the government’s handling of …
New Delhi, Jan 23 (IANS) Pakistan’s National Electric Power Regulatory Authority (Nepra) has released a damning report on the performance of the country’s power sector.Nepra noted that distribution companies continued to suffer from poor governance with transmission and distribution losses exceeding allowable limits, low bill recovery and load-shedding based on Aggregate Technical and Commercial losses. Reference was also made to Debt Service Surcharge sourced to poor governance of the power…
New Delhi, Jan 19 (IANS) While Pakistan has rich deposits of copper, gold, antimony and rare earth elements, it has not been able to tap these resources for economic growth as the economic decision making authority is fragmented, decisions are reversible, and accountability is absent, according to an article in The News International.The article highlights that despite the abundance of these expensive minerals Pakistan has not been able to exploit them as there is no single authority that can gi…
New Delhi, Jan 19 (IANS) Pakistan’s power sector has plunged into a major crisis, with consumers ending up paying up huge electricity bills even though they have to face frequent outages, according to reports.According to media reports emanating from Pakistan, the mess is due to misgovernance, corruption, underinvestment, and unpredictable policy.The power sector’s credibility is at its lowest point as even several policy resets have not been able to correct the situation. So, it is no surpr…