Amid the 40 degree Celsius heat that paralyzed the coastal city of Karachi in April, Saad Saleem blasted his air-conditioning with near-abandon.
Electricity tariffs have surged, but the affluent entrepreneur has been unbothered since he spent $7,500 installing solar panels on his bungalow's roof as part of a solar boom in Pakistan.
Saleem bought his modules two years ago, as the International Monetary Fund and economically beleaguered Pakistan were hammering out a preliminary bailout program. Under the deal, Pakistan sharply raised power and gas tariffs to support struggling suppliers in the heavily indebted sector.
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