Pakistan Seals Historic Rs1.225 Trillion Syndicated Financing to Address Power Sector Circular Debt
Pakistan has secured a historic Rs1.225 trillion syndicated financing deal with 18 banks to tackle circular debt, restructure legacy loans, and inject fresh capital into the power sector with a dedicated surcharge mechanism.
SBP Pushes Banks Toward Basel III Phase II Reforms to Bolster Sector Resilience
The State Bank of Pakistan has directed banks to implement Basel III Phase II reforms, focusing on credit risk, leverage ratios, and transparency, with a parallel run starting September 2025 to strengthen financial sector resilience.