Companion Circular debt: Will it benefit ordinary Pakistanis?
The federal government has signed a historic RS1.225 trillion funding agreement with a consortium of 18 banks to deal with the country’s balloon sector. Finance Minister Aurangzeb described the signed transaction as the largest restructuring agreement in the country’s history. The key question now is why this deal is called a game change game – and what really means for the usual Pakistanis. Will it reduce the cost of electricity, reduce circular debt weight or improve the effectiveness of the energy sector? To answer these questions, Express Tribune is depressing the agreement on simple, clear terms so that readers can
