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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

Karachi police detain officer’s son after checkpoint altercation

PMD issues heatwave alert for parts of Sindh, Karachi to stay hot

Chelsea’s Champions League hopes fade as McFarlane urges final push

Iran sends news proposal to US via Pakistan: state media

PM Sharif forms committee, halts eviction from One Constitution Avenue building