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.
Pakistan and IMF Record Major Progress Toward New Financing Agreement Under EFF and RSF
Pakistan and the IMF have made significant progress toward a staff-level agreement under EFF and RSF programs, focusing on fiscal discipline, energy sector reform, inflation control, and climate resilience to stabilize the economy.