@stratheia.bsky.socialPakistan’s circular debt cannot be resolved through repeated borrowing alone. Sustainable reform must address both accumulated liabilities and the structural failures that generate new arrears.
#Pakistan #CircularDebt #EnergyReform
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@thefridaytimes.bsky.socialRs. 61bn was the net increase in power-sector circular debt in FY2025–26. But gross additions were far larger. Shahid Anwar explains why the flow of new liabilities matters as much as the accumulated stock.
@thefridaytimes.bsky.socialPakistan’s circular debt stood at Rs. 1.675 trillion in June 2026 — but the stock alone doesn’t tell the full story. Shahid Anwar argues that policymakers must also track how much new financial pressure enters the system each year.