PHPL loans and their financial impact are an extra uncovered cost relating to the purchase of energy. Even the Rs200bn Sukuk bonds issued in 2018-19 through Meezan Bank was a risky venture as 70 properties of the power companies "were sold and leased back" along with issuance of the Sukuk bonds. "This implies that power sector government properties may face a risk of en-masse sale/transfer out to private bodies on account of default in nay principal repayment". Published in Dawn, October 26th, 2020