Pakistan's New Government Plans $5 Billion Debt Issue

Pakistan’s new government plans to sell $5 billion in treasury bills to pay off a chain of debt choking the country’s power sector and its economy, and boost electricity output by a quarter – all within its first 100 days in power.

The incoming administration of Prime Minister-elect Nawaz Sharif has identified widespread blackouts that last up to 20 hours a day in some areas as its top political and economic challenge.

The deepening power shortages have sparked violent protests and …

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