Inside Financial Markets

Pakistan’s Fuel Shortage Hinders Reform Progress, a Credit Negative

moodys silverPakistan’s Fuel Shortage Hinders Reform Progress, a Credit Negative

By Khalid Qayum

(Bloomberg) — Increased fuel imports unlikely to solve deepening fuel crisis and will further strain Pakistan’s budget, balance of payments, according to statement.

* Fuel shortages also reflect strained finances of state-owned

distribution cos and fuel importer, Pakistan State Oil, and

are a setback to sector’s progress on reforms

* Since June 2013, govt. has initiated reforms to address

power crisis; progress on implementing many of these

measures has been slow, owing to lack of political consensus

* Crippling power shortages are impediment to eco. growth,

since they curb industrial production and investment, while

imposing budgetary drains

* NOTE: Pakistan Power Shutdown Caused by Plant Tripped,

Minister Says. Link

* NOTE: Pakistan Fuel Shortage Crisis Forces Sharif to Cancel

Davos Trip

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)