Pakistan in Talks for $36 Billion Power Sector Refinancing to Cut Electricity Tariffs
Pakistan is negotiating $36 billion in long-term financing with international lenders and Saudi Arabia to refinance power sector debt over 13 years, aiming to lower industrial electricity tariffs and manage circular debt.
Pakistan Government Cancels Costly IPP Contracts, Saving Rs. 3.6 Trillion
The Pakistani government cancels and renegotiates long-standing independent power producer (IPP) contracts worth Rs. 3.6 trillion, ending excessive capacity payments and inefficiencies in the power sector, providing significant relief to consumers and the industrial sector.