The never-ending cycle of debt
Islamabad: The power sector has continued to bleed as the circular pile of debt swells unchecked. Although successive governments have tried to find workable solutions, success has eluded them for years. The Pakistan Tehreek-e-Insaf (PTI) government, which remained in power from August 2018 to April 2022, left a revolving debt of 1.6 trillion. The debt accumulated to Rs 3.3 trillion during the government of the Pakistan Democratic Movement (PDM) – a coalition of major and minor political parties – which came to power after the PTI administration resigned. The service group then faced a revolving debt of Rs 3.5 trillion
