Pakistan’s Power Crisis: How Did We Get Here?

Kamal A. Munir () and Salman Khalid ()
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Kamal A. Munir: Judge Business School, University of Cambridge, United Kingdom.
Salman Khalid: Emerging markets investments professional.

Lahore Journal of Economics, 2012, vol. 17, issue Special Edition, 73-82

Abstract: This article has a rather modest aim. In contrast to most analyses that abound, it submits that Pakistan’s energy crisis stems primarily from a suboptimal policy and only secondarily from governance issues. This does not mean that governance is not an important issue. With around 20 different organizations involved in the power sector—e.g., WAPDA, PEPCO, PPIB, AEDB, GENCOs, and IPPs—there is much scope for governance failures. In addition, there is much malfeasance perpetrated by political and other interests. Still, since governance mechanisms are significantly shaped by incentive systems and operating policy regimes, we will argue that the problem lies primarily in policy choices made earlier, and focus in particular on two elements of the policy that need to be revisited.

Keywords: Power crisis; policy; governance; Pakistan (search for similar items in EconPapers)
JEL-codes: G30 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (5)

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