Pakistan's power sector circular debt has drastically dropped by Rs1.065 trillion during first 16 months (March 2024-June 2025) of the incumbent Pakistan Muslim League-N-led government. The power ...

KARACHI (Reuters) -Pakistan has signed term sheets with 18 commercial banks for a 1.275 trillion Pakistani rupee ($4.50 billion) Islamic finance facility to help pay down mounting debt in its power ...

KARACHI, May 9 (Reuters) - Pakistan State Oil (PSO.PSX), opens new tab, the country's largest oil marketer, says it is in talks with the government on a plan to acquire stakes in public sector energy ...

Pakistan’s federal cabinet has approved a 1.275 trillion Pakistani rupees (approximately 4.6 billion dollars) plan to tackle circular debt in the power sector, aim to restore financial stability and ...

The International Monetary Fund (IMF) has allowed Pakistan to allocate Rs830 billion for power subsidies in the new budget. The amount includes Rs300 billion to pay for electricity theft and poor bill ...

Oil and Gas Development Company Limited (OGDCL) said on Wednesday it had received Rs 7.725 billion from Power Holding (Private) Limited (PHL), its ninth consecutive monthly interest payment under the ...

Pakistan’s mounting debt crisis tests the UAE’s patience as $3.5 billion repayment looms. File image: Sputnik/Pool via ...