Pakistan Reforms Report 2026: Over 600 Reforms Implemented as Energy and Digital Sectors Lead
Mishal Pakistan’s Reforms Report 2026 highlights over 600 reforms across 135 institutions, major energy sector changes, Rs1.4 trillion expected savings, and more than 200 Digital Pakistan initiatives.
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 Advised by World Bank to Use Results-Oriented Strategy for Multibillion-Dollar Power Sector Financing
The World Bank has recommended Pakistan adopt a results-driven approach to secure multibillion-dollar refinancing for the power sector, emphasizing regulatory reforms and targeted sectoral interventions to boost growth, investment, and employment.
NEPRA Flags Rs397bn Circular Debt Increase Linked to DISCO Inefficiencies in FY25
NEPRA’s State of the Industry Report 2025 shows weak performance by power distribution companies added Rs397 billion to Pakistan’s circular debt in FY25, highlighting governance and operational failures.
OGDCL Collects Rs7.725 Billion Sixth Installment Under Pakistan’s Circular Debt Plan
OGDCL receives Rs7.725 billion as the sixth monthly installment from Power Holding Limited under Pakistan’s circular debt settlement mechanism, marking steady progress in addressing the energy sector’s financial liabilities.
Pakistan Commits to Tax Reforms and Policy Measures to Unlock IMF Tranches
Pakistan has pledged to increase excise duties on fertilisers, pesticides, and sugary items while implementing energy and SOE reforms, aiming to meet IMF targets and strengthen fiscal stability amid ongoing economic recovery.
Pakistan Energy Sukuk Fee and Margin Waivers Announced by PSX, NCCPL and CDC
Pakistan’s key capital market institutions have waived all fees, taxes, and margin requirements on Pakistan Energy Sukuk transactions to support the government’s circular debt settlement plan extending to 2031.
ADB Approves $330 Million Financing to Strengthen Pakistan’s Clean Energy Transmission Network
The Asian Development Bank has approved a $330 million financing package to expand Pakistan’s clean energy transmission capacity, supporting the evacuation of hydropower and renewable energy while advancing national power sector reforms.
OGDCL Receives Rs. 7.72 Billion Fourth Interest Payment Under Government’s Circular Debt Settlement Plan
Oil & Gas Development Company Limited (OGDCL) has received Rs. 7.72 billion as the fourth interest installment from Power Holding (Private) Limited (PHL) under Pakistan’s circular debt settlement plan, marking continued progress in addressing the financial challenges within the country’s energy sector.
Pakistan, World Bank strengthen cooperation on post-flood recovery and reform roadmap
Finance Minister Muhammad Aurangzeb held high-level talks with World Bank President Ajay Banga in Washington to discuss post-flood recovery, economic reforms, and strengthening international financial partnerships.

