Like much of the national infrastructure, Pakistan’s grid needs an upgrade that the government says it can ill afford. Pakistan has enough installed power capacity to meet demand, but it lacks resources to run its oil-and-gas powered plants — and the sector is so heavily in debt that it cannot afford to invest in infrastructure and power lines. “We have been adding capacity, but we have been doing so without improving transmission infrastructure,” Fahad Rauf, the head of research at Karachi-based brokerage Ismail Iqbal Industries, said.
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