BeNewz Report ISLAMABAD: Federal Minister for Petroleum and Natural Resources Ali Pervaiz Malik said on Thursday that the Petroleum Division is in the final stages of finalising agreements with local refineries, aimed at resolving long-standing structural weaknesses in Pakistan’s refining sector and unlocking investment in deep-conversion facilities. Speaking at the …
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Aftab Maken ISLAMABAD: The International Monetary Fund (IMF) has proposed a new set of conditions for resolving Pakistan’s mounting gas sector circular debt, including formally recognizing the financial losses of the country’s two state-owned gas utilities and writing off unrecoverable receivables in their accounts. According to sources, the IMF has …
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BeNewz Report ISLAMABAD: Power sector circular debt climbed to Rs 1.924 trillion by May 31, 2026, significantly overshooting the government’s target and complicating its commitments under the International Monetary Fund (IMF) programme, according to official documents. The Power Division informed the Economic Coordination Committee (ECC) that despite improvements in recoveries, …
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