Macro Analysis /

Pakistan Strategy: Energy reforms

  • Government has approved sharp gas price rationalization, hiking gas prices upto 235% and removing subsidies

  • The gas prices are now near weighted average and will help reduce circular debt accumulation while unlocking valuations

  • Albeit inflationary in nature, legacy subsidies will now be removed as Pakistan re-tracks IMF loan

Wajid Rizvi
Yusra Beg
Ali Aziz Soorty
Abdul Ghani Mianoor
Rahul Hans
Intermarket Securities
10 July 2022


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