Pakistan’s Rs 1.9 Trillion Energy Scam

How the Government Made Citizens Pay for Corporate Greed

Yesterday, Finance Minister Muhammad Aurangzeb stood in the Prime Minister’s House and announced what he called Pakistan’s “largest financing deal in history.” As government officials and bank executives celebrated, Prime Minister Shehbaz Sharif joined virtually from New York to witness the signing of a Rs 1.225 trillion loan agreement with 18 banks. Th…