24 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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5 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 Finance minister retracts 10% electricity surcharge proposal amid IMF concerns

Finance Minister Muhammad Aurangzeb has withdrawn his earlier proposal to impose a 10% surcharge on electricity bills. This reversal surprised many, especially since Pakistan had assured the IMF that the surcharge would help manage circular debt repayments. The announcement came just a day after Aurangzeb suggested the surcharge during his budget speech. Aurangzeb clarified that […]

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8 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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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 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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