PSO's recurring liquidity crisis isn't just about cash flow. It reflects deeper challenges in Pakistan's energy governance, circular debt, and institutional design. ✍️ By Dr. Ikramul Haq 🔗 www.thefridaytimes.com/01-Aug-2026/... #PSO #Pakistan #Energy #CircularDebt #Economy #TheFridayTimes
When Liquidity Becomes A Substitute For Reform: The Political Economy Of PSO’s CrisisInternational experience suggests that successful energy reforms require much more than financial restructuring. They require credible governance reforms.www.thefridaytimes.com