Can repeated bailouts solve Pakistan's energy crisis? This article argues that institutional reform—not temporary financing—is the key to breaking the cycle. ✍️ By Dr. Ikramul Haq 🔗 www.thefridaytimes.com/01-Aug-2026/... #Energy #CircularDebt #Economy #PSOcrisis #PakistanEnergyCrisis

When Liquidity Becomes A Substitute For Reform: The Political Economy Of PSO’s CrisisInternational experience suggests that successful energy reforms require much more than financial restructuring. They require credible governance reforms.www.thefridaytimes.com