The government's recent move to force a sharp tariff cut on K-Electric offers immediate relief to consumers but risks severe long-term consequences for Karachi's power supply. The decision also exposes the fundamental flaws in privatisation of essential utilities. On the surface, slashing KE's tariff is a populist win, reducing bills and the government's subsidy burden. However, this short-term gain ignores the financial reality of the power utility. KE has declared the........

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