Power sector: federal cabinet approves Rs1.275trn bank loan to cut circular debt
Pakistan federal cabinet approved on Wednesday Rs1.275 trillion loan from commercial banks at “the lowest-ever rate” to cut its power ...
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Govt planning to borrow Rs1.25trn from banks to clear circular debt, says brokerage house
In a key development for Pakistan’s power sector, the government was planning to borrow Rs1.25 trillion from the banking sector ...
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Surge in capacity drives up electricity production cost, NEPRA report reveals
Pakistan’s total installed capacity to generate power increased to 45,888 megawatts (MW) as on June 30, 2024, causing hike in ...
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Circular debt becomes major obstacle to progress: UBG
KARACHI: The circular debt, a persistent and growing challenge for Pakistan’s economy, has reached alarming levels over the past decade, ...
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Tanveer urges govt to annul agreements with IPPs forthwith
LAHORE: Patron-in-Chief United Business Group (UBG), S M Tanveer, has strongly urged the federal government to cancel all agreements with ...
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Equity swap only option to address circular debt issue, says PSO
The management of Pakistan State Oil (PSO), the country’s largest oil-marketing company (OMC), believes equity swap remains the “only viable” ...
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