Aftab Maken ISLAMABAD: Pakistan’s power distribution companies lost over Rs1 trillion in FY25 due to high transmission losses and weak bill recovery, deepening circular debt and undermining service quality. Pakistan’s power distribution system bled more than Rs1 trillion in 2024-25 as high transmission and distribution losses and unpaid bills eroded …
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Power Minister unveils six-year elimination plan, praises IMF-backed reforms and landmark bank deal Aftab Maken ISLAMABAD: Federal Minister for Power Division Awais Leghari announced that Pakistan’s entrenched issue of circular debt in the power sector will be entirely resolved within six years, under a structured reform plan already yielding results. …
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Despite federal approval to eliminate circular debt in June, the power sector’s debt climbed to Rs1.661 trillion in July 2025. Aftab Maken In a setback to the government’s financial reform drive, Pakistan’s power sector circular debt rose by Rs47 billion in July 2025, just weeks after a high-level decision to …
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Aftab Maken ISLAMABAD: Pakistan’s energy sector is teetering on the brink of collapse, facing a severe financial crisis that could trigger a significant increase in gas prices for consumers starting January 1, 2026. A deepening circular debt, blamed on systemic mismanagement and a lack of a cohesive national energy policy, …
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Aftab Maken ISLAMABAD: While Pakistan State Oil (PSO) has announced a seemingly robust profit after tax of Rs 11.2 billion for the first half of FY25, up from Rs 7.7 billion in the same period last year, a closer look at the company’s financial health reveals a persistent and alarming …
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Aftab Maken ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb has called for focused reforms and stronger governance across State-Owned Enterprises (SOEs), as cumulative losses hit an alarming Rs 5.8 trillion and circular debt in the energy sector crosses Rs 4.9 trillion. Chairing a crucial meeting of the Cabinet Committee on State-Owned …
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In the first 13 months of the Pakistan Muslim League-Nawaz (PML-N) government’s tenure, the circular debt in the power sector has decreased by Rs 283 billion. According to documents of the Power Division, the circular debt in the power sector was reduced by this amount, reaching Rs 2,396 billion between …
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A consortium of 15 banks has agreed to lend the federal government Rs 1,272 billion to help eliminate further piling up of circular debt in the power sector. According to details, the consortium is prepared to provide the loan at an interest rate 0.9% lower than the market rate. The …
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The current government has assured the International Monetary Fund (IMF) that it will reduce the circular debt in the gas and electricity sectors to zero by the end of this year. As of January 2025, the circular debt in the power sector stood at Rs 2,444 billion, while in the …
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A high-level meeting on country’s exploration & Production E&P) has focused on key challenges, including security concerns, circular debt, gas pricing, energy planning, and LNG supply constraints, said an official statement released by the Petroleum Ministry on Tuesday. Deputy Prime Minister Ishaq Dar presided over a high-level meeting today to …
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