KARACHI: Stressing the need to break the deadly debt trap stifling the national economy, Pasban Democratic Party (PDP) ...

Pakistan is paying for electricity it does not use. Through capacity payments, billions of rupees flow annually ...

If you were to ask people across the country what they are frustrated with most, the answer is quite easy and, most importantly, unanimous: electricity. Not only are they frustrated with the ...

Rising oil and gas prices amid the Iran conflict have worsened Pakistan's economic strain by increasing import costs and ...

World is navigating a what is driven by an extremely unpredictable and arrogant US President. The unavoidable outcomes are a fracture within the western alliance, visible shift of global power, ...

Pakistan’s government plans about 2.25 hours of daily evening outages to prevent tariff hikes amid fuel constraints, LNG ...

The government says it has no choice. Last week, standing in the National Assembly, Khawaja Asif argued that Pakistan’s power sector is bound by legacy contracts and rising capacity payments, ...

The Lahore High Court has upheld the federal government’s policy of monetising free electricity units for Wapda and power ...

Pakistan has repaid $2 billion in debt to the UAE, following a $2 billion deposit by Saudi Arabia. The UAE requested the funds' return due to Middle East tensions. Pakistan managed to meet the ...

By Mubasher Bukhari and Timour Azhari DUBAI/LAHORE April 15 (Reuters) - Saudi Arabia will provide $3 billion in additional ...

By Ariba Shahid ISLAMABAD, April 15 (Reuters) - Pakistan's central bank has allowed banks to open accounts for licensed ...

Govt lawyer says facility not withdrawn rather converted into a monetary component to address issues of delayed recoveries ...