[ad_1] ISLAMABAD: The Senate Standing Committee on Power on Wednesday grilled the Power Division over its failure to provide clear answers on the cost and efficiency of the IPPs, the unchecked rise in circular debt and persistent electricity load-shedding during peak summer months. The committee, chaired by Senator Mohsin Aziz, expressed strong dissatisfaction with the … Read more
[ad_1] Listen to article KARACHI: Those who look carefully at Pakistan’s 2025-26 budget will not fail to notice a startling detail: the total expenditure on debt servicing and foreign loan repayments amounts to a little less than half – 43% to be precise – of all government expenditure. This is by far the largest single line item … Read more
[ad_1] RAWALPINDI: COAS Field Marshal Asim Munir on Wednesday said “Major Syed Moiz Abbas fought bravely in the face of resistance and ultimately laid down his life in the line of duty, upholding the highest traditions of bravery, sacrifice, and patriotism. “The entire nation stands united in grief and pride, saluting his ultimate sacrifice for … Read more
[ad_1] Listen to article ISLAMABAD: China has shown willingness to reschedule $1.8 billion debt for a period of two years, which is about half of the amount that Pakistan had requested last year but is still critical for meeting requirements of the International Monetary Fund (IMF) programme. Islamabad sought the rescheduling of the government’s concessional loans, preferential … Read more
[ad_1] KARACHI: Pakistan has signed term sheets with 18 commercial banks for a Rs1.275 trillion ($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 … Read more
[ad_1] Listen to article The government has signed term sheets with 18 commercial banks for a Rs1.275 trillion ($4.5 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 … Read more
[ad_1] ISLAMABAD: The federal cabinet on Wednesday gave the green light to Pakistan’s largest financial restructuring scheme aimed at eliminating the crippling circular debt in the power sector. Prime Minister Shehbaz Sharif chaired the federal cabinet meeting at the Prime Minister House and approved a series of key decisions ranging from energy sector reforms to … Read more
[ad_1] LAHORE: Punjab’s total debt stock increased by Rs25 billion during the fiscal year 202425, reflecting a 1.5 per cent year-on-year rise, according to official budget documents released on Monday. By the end of the ongoing month, the province’s overall debt will reach Rs1,710 billion, up from Rs1,685 billion in June 2024. The debt comprises … Read more