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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The ongoing policy-level talks between the Government of Pakistan and the International Monetary Fund (IMF) are currently focused on addressing circular debt in the power sector. Currently, deliberations on Federal Board of Revenue (FBR) revenue, agricultural tax, and property tax are also in progress. According to sources from the Power …
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The Government has approved a new system to provide electricity at a uniform tariff for Special Economic Zones (SEZs) and Industrial Estates to boost industrial development across the country. The approval was granted during a Cabinet Committee on Energy meeting held in Islamabad under the chairmanship of Prime Minister Shehbaz …
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