Analysis

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Did the IMF Force Pakistan to Sign the 1994 Power Policy?
Politics

Did the IMF Force Pakistan to Sign the 1994 Power Policy?

Did the IMF Force Pakistan to Sign the 1994 Power Policy? A common defence of the 1994 contracts examined honestly. The short answer is no. The longer answer is more uncomfortable. By Asad Baig · Lahore · April 2026 · Approx. 5-min read The defence Whenever I write about the 1994 Power Policy, the...

Asad BaigAsad Baig
7 min
What Is Circular Debt in Pakistan's Power Sector?
Politics

What Is Circular Debt in Pakistan's Power Sector?

What Is Circular Debt in Pakistan's Power Sector? The Rs. 2,640 billion problem nobody can fully explain in one sentence, explained in five minutes By Asad Baig · Lahore · April 2026 · Approx. 5-min read Circular debt in one paragraph Circular debt is the amount of money owed by Pakistan's power se...

Asad BaigAsad Baig
6 min
The Capital Cost Trick: How Inflated Costs Locked In Inflated Tariffs
Business

The Capital Cost Trick: How Inflated Costs Locked In Inflated Tariffs

The Capital Cost Trick: How Inflated Costs Locked In Inflated Tariffs How Pakistani IPPs were built on books that priced concrete and steel at three times the global rate, and why your bill has been paying for it ever since By Asad Baig · Lahore · April 2026 · Approx. 8-min read The number that mak...

Asad BaigAsad Baig
12 min
What Is a Take-or-Pay Contract? A Plain-English Guide for Pakistanis
Business

What Is a Take-or-Pay Contract? A Plain-English Guide for Pakistanis

What Is a Take-or-Pay Contract? A Plain-English Guide for Pakistanis The single contractual provision that put Rs. 2 trillion a year on your electricity bill By Asad Baig · Lahore · April 2026 · Approx. 7-min read Why this one phrase matters If you read any Pakistani newspaper article about the ele...

Asad BaigAsad Baig
11 min