Pakistan’s efforts to resolve its growing gas sector circular debt have hit another hurdle after the government and the International Monetary Fund (IMF) failed to reach an agreement on a proposed settlement framework. The unresolved plan, valued at Rs1.7 trillion, will now undergo further negotiations, with both sides expected to resume discussions in September. The […]
Power Division Rejects NEPRA Report, Claims Circular Debt Data Misrepresented
The Power Division has strongly challenged a recent report issued by the National Electric Power Regulatory Authority, arguing that the data presented does not accurately reflect the financial and operational improvements achieved during FY 2024-25. Officials maintained that the published assessment overlooks key reforms undertaken by power Distribution Companies (DISCOs). They described the regulator’s findings […]