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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

Zardari hails security forces for successful operations in North Waziristan

Interior Minister orders upgrade of Special Protection Wing on modern lines

China ‘strongly dissatisfied’ as US adds tech giants to military blacklist

Govt slashes petrol price by Rs4, diesel by Rs2 as global crude slides

CPEC 2.0 gets exclusive nod among new projects in Rs3.6tr PSDP