A systematic study of Pakistan’s Circular Debt to determine a pathway for immediate, medium-level and long-term policy directives to curb its burgeoning volume
Abstract/Description
The goal of this study is to present the causes and impact of circular debt in the energy sector of Pakistan. For the purpose, a systematic review of literature as it relates to the subject matter has been carried out. The findings show that it is a structural issue with Administrative, Financial, and Technical causes. In the financial aspect, it is due primarily to the increase in global fuel prices and electricity theft. In the administrative sector, it can be attributed to inefficient policy planning and implementation, PEPCO facing problems in recovering dues, delays in consumer tariff updates, Poor governance/cyclical political influence on governmental policies, and lack of long-term vision. The technical issues include insufficient reliance on renewable energy, ineffectively targeted electricity, and the increased burden of subsidies on the government. It is an exclusive study that combines all knowledge on circular debt under one umbrella. The research is thorough and provides a way forward for the various stakeholders of the energy sector of Pakistan. The issues and policy directives can help in drafting a sustainable and holistic energy policy for Pakistan’s energy sector. The ultimate result can be a robust electricity generation, transmission, distribution, and utilization mechanism for Pakistan. This will prove essential for the improvement of Pakistan’s economy and its industrial sector.
Keywords
Energy Policy, Energy Sector of Pakistan, Policy, Sustainability, Circular Debt, Power Sector of Pakistan
Track
Management
Session Number/Theme
3C: Management
Session Chair
Dr. Muhammad Shafique ; Dr. Sahar Awan
Start Date/Time
27-5-2023 2:30 PM
End Date/Time
27-5-2023 4:30 PM
Location
MCS-3, AMAN-CED, Ground Floor
Recommended Citation
Masroor, N., & Ullah, K. (2023). A systematic study of Pakistan’s Circular Debt to determine a pathway for immediate, medium-level and long-term policy directives to curb its burgeoning volume. 3rd IBA SBS International Conference 2024. Retrieved from https://ir.iba.edu.pk/sbsic/2023/program/50
COinS
A systematic study of Pakistan’s Circular Debt to determine a pathway for immediate, medium-level and long-term policy directives to curb its burgeoning volume
MCS-3, AMAN-CED, Ground Floor
The goal of this study is to present the causes and impact of circular debt in the energy sector of Pakistan. For the purpose, a systematic review of literature as it relates to the subject matter has been carried out. The findings show that it is a structural issue with Administrative, Financial, and Technical causes. In the financial aspect, it is due primarily to the increase in global fuel prices and electricity theft. In the administrative sector, it can be attributed to inefficient policy planning and implementation, PEPCO facing problems in recovering dues, delays in consumer tariff updates, Poor governance/cyclical political influence on governmental policies, and lack of long-term vision. The technical issues include insufficient reliance on renewable energy, ineffectively targeted electricity, and the increased burden of subsidies on the government. It is an exclusive study that combines all knowledge on circular debt under one umbrella. The research is thorough and provides a way forward for the various stakeholders of the energy sector of Pakistan. The issues and policy directives can help in drafting a sustainable and holistic energy policy for Pakistan’s energy sector. The ultimate result can be a robust electricity generation, transmission, distribution, and utilization mechanism for Pakistan. This will prove essential for the improvement of Pakistan’s economy and its industrial sector.
