The prime reasons for the electricity crisis is that those in the Musharraf regime who made the feel good consumer oriented economic policies never thought about investing commensurately in massive generation to meet the manifold increase in demand for electricity,
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The Shaukat Aziz formula to keep everyone happy was Marie Antoinette’s simplicity itself: let everyone have an air conditioner,
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The man who is our new prime minister added to the problems by diverting funds from the existing independent power producers (IPPs) to the scam of the rental power stations (RPPs) where money could be siphoned off conveniently,
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What does loadshedding cause besides acute discomfort to a large segment of the population? Electricity shortages mean less of manufacturing as well reduced services,
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The hot summer days without lights and fans for extended periods cause acute physical discomfort,
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Hafeez Shaikh could well look at the Argentine model. The success of the "Kirchnerism strategy" was based on fiscal sobriety and a flat refusal to repay much of the $100 billion in foreign debt on which Argentina defaulted in 2002. This default was brought on by excessive borrowing in the 1990s,
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The tightening of import restrictions in Argentina has caused many nations to accuse Fernandez of illegal protectionism. Increased state currency controls have led to hoarding of US dollars as a hedge against inflation or a possible devaluation of the Argentine peso. Some informed economists believe this model could be emulated by Greece and other indebted disaster zones. The recent Greek election was a near run thing for the Euro,
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Cristina Fernandez is keeping up her defiant nationalist stance,
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The standoff with the US continues. Among other things Pakistan wants an apology for the Salala incident and a transit fee of $5,
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