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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

Gul Plaza tragedy: War of words b/w PPP’s Sharjeel Memon and MQM-P’s Farooq Sattar continues

LAHORE: Blaze at Gulberg hotel; rescue efforts underway

Fire breaks out at cardboard factory in Nazimabad No. 4, rescue operations underway

Gul Plaza tragedy: FIR filed; charges include negligence and lapses

Clash for the Crown: Pimblett vs. Gaethje – UFC 300’s Lightweight showdown predictions