Pakistan’s power sector circular debt reached Rs2.396 trillion by March 2025. This marked a slight increase of Rs2 billion since July 2024. However, compared to last year, the total debt decreased by Rs398 billion, showing improvement in the sector’s financial health. A report from the Power Division revealed that payables to power producers increased by […]
circular debt
Pakistan turned to IMF due to a deficit of billions left behind by PML-N, says Shaukat Tarin
ISLAMABAD: Pakistan had to opt for a bailout programme by the International Monetary Fund (IMF) because the PML-N government left a current account deficit of more than $20 billion behind in 2018, says Finance Minister Shaukat Tarin. He responded to allegations made against the government and how it dealt with the country’s economy ruined by […]
Despite challenges, economy showing inclusive growth, expands by 3.94% in FY21: Economic Survey 2021
ISLAMABAD: Despite a myriad of challenges, the economy has been moving progressively on a higher inclusive and sustainable growth path on the back of multiple measures and achievements during the current fiscal year, witnessing a rate of 3.94 percent, according to the Pakistan Economic Survey 2020-21 revealed by Finance Minister, Shaukat Tarin. “The economy of […]
Pakistan Economic Survey 2020-21: LSM grew up by 9%, agriculture 2.77% despite bottlenecks, says Shaukat Tarin
ISLAMABAD: Finance Minister Shaukat Tarin is unveiling the Pakistan Economic Survey 2020-21 at a press conference in Islamabad and initiated the press conference by appraising Prime Minister Imran Khan’s policies in combating the coronavirus pandemic and the production of rapid vaccines to curb the deadly virus. The Pakistan Economic Survey is an annual report on […]