US EditionGovt Unveils Major Plan to End Rs1.2tr Circular Debt
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Govt unveils major plan to end Rs1.2tr circular debt
The federal cabinet on Wednesday gave the green light to Pakistan's largest financial restructuring scheme aimed at eliminating the crippling circular debt in the power sector. Prime Minister Shehbaz Sharif chaired the federal cabinet meeting at the Prime Minister House and approved a series of key decisions ranging from energy sector reforms to diplomatic and institutional recognitions, a Prime Minister's Office news release said. The Debt Plan…
The federal cabinet on Wednesday approved the largest financial restructuring plan in Pakistan’s history, which aims to resolve the long-standing circular debt problem in the power sector. The plan aims to eliminate Rs1,275 billion in debt over the next six years, without putting additional burden on the national budget, according to a statement issued by the Prime Minister’s Office. According to a statement issued by the Prime Minister’s Office…
Pakistan Approves Largest Ever Commercial Bank Financing to Eliminate Power Sector Circular Debt
Islamabad June 18 2025: Pakistan approved largest financial agreement in the histroy of the country with commercial banks to eliminate circular debt in the power sector. ‘Alhamdulillah, today, the federal cabinet of Pakistan, led by Prime Minister Muhammad Shahbaz Sharif, approved the largest financial agreement in the country’s history of PKR 1,275 billion with commercial banks to eliminate circular debt in the power sector on the summary of th…
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