Oil and Gas Development Company Limited (OGDCL) has received its first interest payment of Rs. 7.725 billion from Power Holding (Private) Limited (PHL), initiating the government-backed circular debt settlement plan….
In a major step toward improving transparency in electricity billing, the federal government has launched the “Apna Meter, Apni Reading” mobile application. The initiative allows consumers to take control of…
The federal government has decided to lift the cap on the Petroleum Development Levy (PDL), allowing it to charge more than Rs. 100 per liter on petroleum products starting in…
Pakistan has committed to clearing its Rs. 2.4 trillion circular debt stock—equivalent to 2.1% of GDP—by the end of fiscal year 2025, according to the IMF’s first review report. As…
The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) opened the new week with a significant drop of over 1,300 points on Monday. The index hit an intraday high…
In a positive development, the Oil and Gas Regulatory Authority (OGRA) has approved 88% of the requested finance cost for FY23 in the Motion for Review of the Final Revenue…
The federal government has informed the International Monetary Fund (IMF) that the power sector’s circular debt is projected to increase by Rs. 100 billion during the current fiscal year. By…
Prime Minister Shehbaz Sharif has requested the Ministry of Finance and Ministry of Energy to propose ways to waive capacity charges in electricity bills. The Ministry of Energy has suggested…
