Govt Plans to Convert Circular Debt into Public Debt

The government has initiated efforts to convert circular debt (CD) in the power sector into public debt. This move is expected to lower electricity tariffs by Rs3.37 per unit, according to reports on Sunday. Additionally, the government plans to restructure $16.26 billion in energy-related debt. This includes loans for hydel, imported coal, Thar coal, wind, …

Public Sector Companies Achieve Record Profits in First Half of Fiscal Year

Islamabad: Pakistan’s public sector companies have earned a remarkable profit of 102 billion rupees in the first half of the last fiscal year. This achievement comes with the support of the Special Investment Facilitation Council (SIFC). The performance reflects a solid improvement in the financial stability of government institutions. Increase in Revenue According to reports, …

Karachi Braces for Heavy Rainfall: Met Office

Karachi: Pakistan Meteorological Department (PMD) has issued a weather advisory predicting rainfall in Karachi and other districts of Sindh from August 25 to 29. The forecast is influenced by a low-pressure system currently forming over West Bengal, which is expected to channel monsoon currents into the region. According to the latest weather report, monsoon currents …

K-Electric organized a two-day event “Khelo Jaan Sey Nahe Shaan Sey”

Karachi: K-Electric in collaboration with Pakistan Sports Board (PSB), WAPDA and Athletics Federation of Pakistan has organized a two-day sports event titled “Khelo Jaan Sey Nahe Shaan Sey”. This exciting event is being  organized for children aged 16 years and under in four categories of athletics competition including Javelin throw, Discus, 100 Meters Race and …

Exit mobile version