Tag: Circular Debt

Federal Cabinet Approves Record Financial Scheme to Clear Power Sector Circular Debt

Federal Cabinet Approves Record Financial Scheme to Clear Power Sector Circular Debt

Pakistan’s federal cabinet, led by Prime Minister Shehbaz Sharif, has endorsed the largest-ever financial intervention aimed at resolving the chronic Rs 1.275 trillion circular debt in the country’s power sector. This landmark plan proposes six-year refinancing of power sector liabilities without adding pressure to the national budget. Key components include: Prime Minister

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PM Shehbaz Approves $17 Billion Power Sector Overhaul with 10-Year IGCEP Plan

PM Shehbaz Approves $17 Billion Power Sector Overhaul with 10-Year IGCEP Plan

PM Shehbaz Approves $17 Billion Power Sector Overhaul with 10-Year IGCEP Plan On May 20, 2025, Prime Minister Shehbaz Sharif approved the Integrated Generation Capacity Expansion Plan (IGCEP) 2024–34, a comprehensive 10-year roadmap aimed at reforming Pakistan’s power sector. The plan is projected to save approximately $17 billion by rescheduling

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