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.
Pakistan Secures Rs1.2 Trillion Bank Financing Deal to Tackle Circular Debt Crisis
Pakistan’s banking industry has finalized a record Rs1.225 trillion financing and restructuring deal to address circular debt, the largest transaction in the nation’s history. The agreement with 18 banks restructures loans and clears overdue payments, aiming to restore fiscal discipline, ease the energy sector burden, and inject liquidity into priority sectors.