The Price of Broken Promises

Pakistan’s Port Qasim Fallout with Qatar

When Qatar’s Al-Thani Group invested in the 1,320-megawatt Port Qasim Power Project near Karachi, it was more than just another power plant. It was a gesture of confidence a signal from the Gulf that Pakistan’s economy, despite its fragility, could still be trusted with serious capital. The $2.09 billion project, built jointly with China’s Power Constru…