It is strange to find the SSGC and the KESC engaged in a war of words conducted through the media, in an apparently desperate attempt to absolve themselves of any responsibility for bringing life to a ...

ISLAMABAD: The government and commercial banks are reportedly inching towards a viable deal on Rs 1.23 trillion loan to resolve power sector Circular Debt (CD) of which Rs 5.23 billion will be fresh ...

ISLAMABAD: The government is fine-tuning reforms in the gas sector, including the reduction of two LNG cargoes per month, along with other measures aimed at bringing the circular debt flow of the ...

At present, circular debt of the power sector stands at around Rs2.46 trillion. There is now an added element to the circular debt that belongs to the gas sector, which is another Rs1.5 trillion.

ISLAMABAD: Despite massive repetitive price shocks to consumers and countrywide drive against theft and billing defaults, the World Bank has found power and gas circular debts increasing by an average ...

ISLAMABAD, Jan. 27 -- Pakistan's power sector circular debt rose by Rs75 billion in the first half of the current fiscal year despite significant capital injections and large-scale commercial ...

Circular debt, a term that has become synonymous with Pakistan's energy sector, refers to the cascading cycle of non-payments throughout the energy supply chain. This phenomenon has been a persistent ...