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Business

Web Desk
Jul 06, 2024

Power sector debt soars to Rs2.655 trillion

The Cabinet Committee on Energy (CCoE) reported that the circular debt in Pakistan’s power sector has surged to Rs2.655 trillion as of May 2024.

Pakistan

Web Desk
Oct 30, 2023

ECC approves major gas price hike

The Federal Government of Pakistan has given its nod to an increase in gas prices, effective November 1.

Business

Web Desk
Oct 27, 2023

Gas sector debt surpasses Rs2,000 billion, winter supply squeeze looms

In a recent statement, Caretaker Energy Minister Muhammad Ali addressed the pressing issue of circular debt in Pakistan’s gas sector, which currently stands at a staggering Rs2,100 billion.

Business

Web Desk
Oct 26, 2023

Pakistan may end free electricity perks for DISCOs and GENCOs officers

Pakistan is expected to discontinue the provision of free electricity units to officers in both distribution companies (DISCOs) and generation companies (GENCOs).