Re: Vital energy projects to take more than nine years
Realistically, he is right. Based on the amount of cash loans the current govt took out, and the amount of padding in electricity and gas bills, government should essentially have more than enough cash to fund uninterrupted power supply to the entire country. But it is obvious that the cash being earned is bleeding elsewhere. I have made 2 trips to Pakistan in the last 4 months…and in my experience, inflation has doubled in these 4 months alone. Fiscally, the country is looking at a black hole, and will be looking at major loan repayments in the coming months/years. Seems to be a replay of 1998-99, where the country went to near bankruptcy, thanks to similar policies.