3 h. ago Govt signs $4.5bn loans with local banks to ease power sector debt

The government has signed term sheets with 18 commercial banks for a Rs1.275 trillion Islamic finance facility to help pay off the mounting debt in its power sector, Power Minister Awais Leghari said on Friday. The government, which owns or controls much of the power infrastructure, is grappling with ballooning circular debt, unpaid bills and […]

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8 h. ago Govt secures Rs1.275 trillion Islamic loan to ease power sector debt

The Government of Pakistan has signed a major financial deal worth Rs1.275 trillion ($4.5 billion) with 18 commercial banks to reduce the country’s mounting power sector debt. The financing, based on Islamic principles, comes at a critical time when the sector is weighed down by unpaid bills, subsidies, and liquidity shortages. These issues have not […]

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10 h. ago Government Signs $4.5 Billion Loans With Local Banks To Ease Power Sector Debt

Pakistan has signed term sheets with 18 commercial banks for a 1.275 trillion Pakistani rupee ($4.50 billion) Islamic finance facility to help pay down mounting debt in its power sector, government officials said on Friday. The government, which owns or controls much of the power infrastructure, is grappling with ballooning “circular debt”, unpaid bills and […]

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14 h. ago U.S. attack on Iran would expose China’s limited power in region, says NYT

A recent New York Times article argues that a U.S. military strike on Iran would highlight China’s limited power in the Middle East. Despite China’s growing global influence, it is unlikely to provide military support to Iran if such a conflict breaks out. According to the report, China may supply Iran with defensive equipment and […]

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59 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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6 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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9 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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2 w. 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 No release of PASCO wheat reserves: govt committed to food security: Rana Tanveer Hussain

Islamabad –May 27, 2025 : Federal Minister for National Food Security & Research, Rana Tanveer Hussain, held an important meeting today with representatives of the Farmers Union to discuss key challenges and opportunities in the agriculture sector, with a special focus on maize exports and wheat reserves. During the meeting, the Minister assured the delegation […]

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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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4 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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