Picture: Dawn.com


Pakistan is going through the worst economic crisis. The government is unable to pay dues due to the financial crunch. The dollar reserves have almost finished, and expert economists are saying that the country has already defaulted. Just an official declaration is required. Amidst all this, another crisis is surfacing in the energy sector where the circular debts have crossed Rs.4,177 billion.

The sources have confirmed that the country’s energy sector debts have reached an alarming limit. The sector is now functional only on credit terms. The government is unable to pay the debts due to the IPPs (independent power producers) and the situation is getting worse day by day.

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