Friday, 20 September 2013

Pakistan Power Report Q4 2013

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Pakistan Power Report Q4 2013
Sep 18th 2013, 00:00

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BMI View: 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 is likely to persist and continue to cripple the sector. The Pakistani general election held on May 11 2013 resulted in a coalition government, consisting of coalition leader, the Pakistan Muslim League (Nawaz) [PML(N)],and 19 other independent candidates. Ther ...

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