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Pakistan Published 15 May, 2024 12:06pm

IMF expresses serious concerns over uncontrolled circular debt in Pakistan

The circular debt in the energy sector has surged by Rs 150 billion

Business & Economy Updated 16 Jan, 2024 02:36pm

Despite expensive electricity and gas, circular debt balloons to over Rs5 trillion

The government is trying to come up with a settlement plan to resolve the issue

Business & Economy Updated 19 Jan, 2023 11:03am

World Bank delays loans, Saudi Arab says aid will be ‘conditional’

Pakistan's forex reserves have been dwindling and it has looked to allies for help

Business & Economy Published 29 Dec, 2022 11:48pm

Ishaq Dar directs for finalizing report to settle gas circular debt issue in three days

Fnance minister emphasizes govt's priority to address the issue of the energy sector

Business Updated 01 Mar, 2022 10:51am

Rs5 power tariff cut will be adjusted through budgetary reallocation: minister

Govt will bear more than Rs70b per month impact to keep the POL products prices lower

Business Published 06 Feb, 2022 11:46am

More hike in electricity tariff on the cards under agreement with IMF

According to IMF, energy sector is in a precarious state because of long-standing deficiencies

Business Published 02 Feb, 2022 10:47am

Circular debt showing Rs38bn monthly growth

Total circular debt has reached Rs2.476 tr during first six months of current fiscal year

Business Published 12 Jan, 2022 10:50am

Circular debt 'soars to Rs2.41tr' in first five months of current fiscal

According to power secretary, Nepra has allowed average transmission and distribution losses of 13.4% whereas actual average losses are 17%

Business Published 07 Nov, 2021 11:26pm

'Govt trying to reduce circular debt without putting burden on common people'

Shaukat Tarin said government is taking some concrete measures to reduce inflation because it is the major...