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 […]

ISLAMABAD: Pakistan’s gas sector is facing a financial crisis, with circular debt swelling to Rs3.283 trillion, lawmakers were informed during a briefing before the National Assembly’s Standing Committee on Petroleum. Parliamentarians warned that rising losses at state-run utilities could destabilise the system and ultimately burden consumers. Read More: Government plans to clear gas sector…

The International Monetary Fund (IMF) is discussing proposed electricity tariff revisions with Pakistan authorities, the fund said in a statement to Reuters on Saturday, adding that the burden of the revisions should not fall on middle- or lower-income households.

“The ongoing discussions with the authorities will assess whether the proposed tariff revisions are consistent with these commitments…

ISLAMABAD: While launching a subsidised scheme for households to replace old fans with efficient ones, Power Minister Sardar Awais Leghari said on Thursday the government was considering ‘debt restructuring’ of the energy sector to bring down consumer-end tariffs for improved grid consumption and lower circular debt.

The minister acknowledged that the high electricity tariffs had been pushing…