18 h. ago Federal cabinet approves Rs 1.275 trillion bank loan to tackle power sector debt

The federal cabinet has approved a major plan to control the growing circular debt in Pakistan’s power sector. According to official sources, the government will borrow Rs 1,275 billion from banks at low interest rates to settle outstanding payments. This large loan will help pay off the dues of Independent Power Producers (IPPs) and will […]

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4 d. ago Govt unveils Rs2.42 trillion circular debt plan, tariff changes await NEPRA nod

The Power Division has shared its plan with the National Assembly to tackle the massive Rs2.42 trillion circular debt in the energy sector. Minister Awais Leghari confirmed the strategy is part of the Circular Debt Management Plan, backed by the Ministry of Energy, Ministry of Finance, and a task force. He added that Rs1.2 trillion […]

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7 d. ago Government plans 10% surcharge on electricity bills to control circular debt

The government has proposed adding a 10% surcharge on electricity bills to help reduce the growing circular debt in the power sector. To enable this, lawmakers will amend the NEPRA (National Electric Power Regulatory Authority) law. This amendment will allow the federal government to impose the surcharge under a new system called the Debt Servicing […]

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8 d. ago PM Shehbaz calls economic indicators ‘satisfactory’, urges unity for growth

ISLAMABAD: Prime Minister Shehbaz Sharif said that Pakistan’s economic indicators are “satisfactory,” and now is the time to move forward. He highlighted growth in exports, remittances, and IT exports, expressing optimism about Pakistan’s economic direction. Addressing a federal cabinet meeting before the budget presentation, the Prime Minister emphasized the resilience shown by the nation over […]

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9 d. ago Budget 2025–26: Govt to roll out Rs17.6 trillion plan with major tax reforms

ISLAMABAD – The federal government will present a massive Rs17,600 billion budget for the fiscal year 2025–26 in the National Assembly today. The session will begin at 5 PM under the chairmanship of Speaker Ayaz Sadiq. Earlier, Prime Minister Shehbaz Sharif will lead a federal cabinet meeting at 4 PM to approve the budget draft. […]

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1 week ago Govt hires KPMG to tackle Rs2.8 trillion gas sector circular debt

The government has taken a major step to address the growing circular debt in Pakistan’s gas sector, which has reached Rs2.8 trillion. To find a practical solution, it hired the audit firm KPMG to create a Circular Debt Management Plan (CDMP). This plan aims to be acceptable to the International Monetary Fund (IMF) and help […]

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3 w. ago Pakistan shares Rs3 trillion gas sector circular debt plan with IMF

The Pakistani government has formally presented a comprehensive plan to the International Monetary Fund (IMF) aimed at eliminating the mounting Rs3 trillion circular debt in the gas sector. This initiative is part of the country’s upcoming budget preparations and a broader effort to stabilize the energy sector. According to official sources, the Petroleum Division crafted […]

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3 w. ago NA committee blocks bill granting police, power companies greater powers against electricity theft

ISLAMABAD – The National Assembly’s Standing Committee on Interior has rejected a controversial bill that proposed giving broader powers to police and power companies to tackle electricity theft. Lawmakers expressed serious concerns about potential misuse and public harassment. The Criminal Law (Amendment) Bill, 2024 Section 462(O) aimed to simplify the process of filing cases against […]

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3 w. ago PM for elimination of circular debt through reforms in gas sector

Prime Minister Muhammad Shehbaz Sharif on Thursday called for further reforms in the gas sector to gradually reduce and eliminate the volume of circular debt through further reforms in the gas sector. The prime minister made these remarks while chairing a review meeting regarding gas supply and consumption in the country. The Prime Minister was […]

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4 w. ago Special guard of honour held at GHQ for field marshal Asim Munir

RAWALPINDI, May 21 – A special Guard of Honour was held at General Headquarters (GHQ) to honour newly promoted Field Marshal Syed Asim Munir. This followed his historic promotion, approved by the federal cabinet, making him Pakistan’s highest-ranking military officer. Field Marshal Munir visited GHQ and laid a wreath at the Yadgar-e-Shuhada. He offered Fateha […]

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4 w. ago Air chief Zaheer Ahmed Babar’s tenure extended for strategic continuity

ISLAMABAD, May 20 — The federal cabinet, under the leadership of Prime Minister Shehbaz Sharif, has decided to extend the tenure of Air Chief Marshal Zaheer Ahmed Babar Sidhu following the completion of his service term. The extension comes in recognition of his critical role in Operation Bunyad-e-Marsous, where the Pakistan Air Force (PAF) played […]

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4 w. ago Pak Army Chief Gen Asim Munir made Field Marshal after major success against India

ISLAMABAD – In a historic move, Pakistan’s Federal Cabinet officially approved the elevation of Chief of Army Staff General Asim Munir

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4 w. ago Pak Army Chief Asim Munir elevated to rank of Field Marshal after major success against India

ISLAMABAD – In a historic move, Pakistan’s Federal Cabinet officially approved the elevation of Chief of Army Staff General Asim Munir

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