Bloomberg: ‘Bankrupt’ Pakistan Grid Adds to Imran Khan's Economic Quandary

Imran Khan. (REUTERS)
Updated 12 September 2018
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Bloomberg: ‘Bankrupt’ Pakistan Grid Adds to Imran Khan's Economic Quandary

September 12: Bloomberg report by Faseeh Mangi and Chris Kay states that in Pakistan’s Tharpakar desert, Chinese and Pakistani workers toil in the blistering heat to complete the construction of a massive open pit coal mine and an adjacent 660 megawatt power plant four months before schedule. The roadblocks will come soon after. When Engro Corp., one of Pakistan’s largest conglomerates, which is partnering with China, begins generating electricity from the plant in December it will hit a distribution and transmission network that is essentially “bankrupt,” according to Shamsuddin Shaikh, the chief executive officer of Engro’s energy arm.

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The Washington Times: Pakistan's anti-graft body arrests opposition politician

Updated 12 December 2018
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The Washington Times: Pakistan's anti-graft body arrests opposition politician

December 11 – The Washington Times states that Pakistan’s anti-graft body says it has arrested a senior politician from former Prime Minister Nawaz Sharif’s party over links to a multimillion-dollar housing scam. The National Accountability Bureau says Khawaja Saad Rafique and his brother, who is also accused in the case, were arrested in Lahore after a court refused to extend their bail. Both are members of Sharif’s Pakistan Muslim League.

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