^^its just that they fail to collect enough tax revenue and then they dont have the cash to pay for the power companies. Its just simple non-payment.
They could simply issue more money, but that wud inflate prices eventually and we'll be back to where we started from, except awam will be much more unhappier and the power you'll get will be unaffordable...
The only way to solve this problem without creating more problems is to fix the problem with the tax reforms. We need to START collecting taxes. No company in Pakistan honestly pays tax and that is the problem. That is the problem with this country, when things dont look good, no one invests and no one pays taxes, resulting in a declining economy, declining tax revenues ( at constant prices, real tax money ) and unemployment, cuz business men dont invest due to fear that they will loose money and government doesnt have the money to pay for the salaries of gov. workers, let alone hire more to create employment..
So thats wat happens here, no one does anything and we keep loosing time and patience , then election comes, we vote for the wrong people again hoping they would do something better this time and same sequence starts again..