ISLAMABAD: Pakistan’s combined circular debt in the power and gas sectors has surged to Rs5.1 trillion, according to disclosures made during a meeting of the National Assembly Standing Committee on Finance. Officials informed the committee that the total circular debt has significantly increased from Rs3.5 trillion recorded last year, highlighting growing financial pressures on the […]
gas sector
Pakistan’s circular debt in energy sector rises to Rs5.2 trillion
Pakistan’s circular debt in the energy sector has climbed to Rs5,206 billion, highlighting continued financial stress in the country’s power and gas systems, according to the latest figures cited in an International Monetary Fund (IMF) report. Read More: Power sector circular debt edges up despite payments The report shows that the total circular debt includes Rs3,442 […]
Govt plans hikes to tackle Rs 2800B gas debt
The government has found a new way to tackle the growing Rs 2800 billion circular debt in the gas sector. Like the power sector, the plan will shift most of the burden to gas and fuel consumers. A special petroleum levy is under consideration to collect funds for repaying loans. This levy could range from […]
Pakistan shares Rs3 trillion gas sector circular debt plan with IMF
The Pakistani government has formally presented a comprehensive plan to the International Monetary Fund (IMF) aimed at eliminating the mounting Rs3 trillion circular debt in the gas sector. This initiative is part of the country’s upcoming budget preparations and a broader effort to stabilize the energy sector. According to official sources, the Petroleum Division crafted […]