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Business

Web Desk Karachi
Feb 24, 2025

Government negotiates Rs1,240 billion loan to tackle circular debt crisis

Once the term sheet is completed, the government plans to borrow from banks for a seven-year period, which will be repaid by electricity consumers through a current debt servicing surcharge of Rs3.23 per unit incorporated into the tariff.

Business

Web Desk Karachi
Jan 22, 2025

K-Electric owes govt over Rs225 billion, including Rs186.5 billion in interest

According to the Power Division’s monthly report, the power sector’s circular debt stood at Rs2.381 trillion at the end of November 2024, showing a decrease of approximately 11 percent from Rs2.678 trillion in November 2023.

Government negotiates Rs1,240 billion loan to tackle circular debt crisis

K-Electric owes govt over Rs225 billion, including Rs186.5 billion in interest

“Red flag” raised over Iran’s Jamkaran mosque: What does it mean in the current context?

After Karachi, protestors storm US Consulate in Lahore

Nine dead as Karachi protests turn deadly

Succession battle looms as Iran forms interim ruling council

Clashes erupt outside US consulate in Karachi over Khamenei martyrdom