Recent analyses underscore that Pakistan's energy sector is fundamentally broken by design, as highlighted in a new Dawn article. The governance failures are persistent and foreseeable, with the country incurring costs to avoid liquefied natural gas (LNG) shipments due to a collapse in domestic demand. This situation stems from inflexible contracts established without proper demand analysis, leading to a staggering annual cost of nearly Rs1.9 trillion in capacity payments despite peak demand rarely exceeding 30,000 MW. The circular debt continues to escalate, currently estimated between Rs1.6 trillion and Rs2.6 trillion, driven by technical inefficiencies and theft, with distribution companies reporting quarterly losses exceeding Rs170 billion.