Pakistan Oil & Gas: Circular debt settlement: Too little, too obvious and too late – By AKD Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Energy chain&rsquo;s circular debt has deeply marred any prospects the state owned energy companies have had against depleting hydrocarbon reserves/growing energy needs of the country.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">With majority of the natural escalation meaningfully curbed through tariff hikes of over ~120% during the past calendar year, the past overdue stock is what the GoP aims to tackle</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The new strategy proposed by the authorities to the IMF (awaiting approval) aims to overhaul the balance sheets of energy companies. This involves a government-led payout routed through the gas uti...