ISLAMABAD: The power division on Tuesday blamed the Ministry of Finance for a Rs61 billion increase in power sector circular debt, which rose to Rs1.675 trillion by June 30 this year from Rs1.614tr a year earlier. “Due to the budget deduction of Rs98bn, the circular debt witnessed an increase of Rs»»»

The Privatisation Commission (PC) board proposed on Tuesday the establishment of a new company to set aside some liabilities and assets of three power distribution companies (DISCOs) in line with the privatisation model used for Pakistan International Airlines (PIA), aiming to hand over the entitie»»»

The International Monetary Fund (IMF) said on Friday that its board had completed reviews of some of its agreements with Pakistan, clearing the way for Islamabad to access about $1.32 billion in fresh funding immediately. According to the IMF, Pakistan would be able to access the funds in two insta»»»