CircularDebt

Pakistan has completed a historic Rs 659.6 billion settlement of Power Holding Limited (PHL) debts — the largest-ever transaction in the country’s debt capital markets, Federal Minister for Power Awais

Pakistan’s state-run electricity distribution companies (DISCOs) have inflicted losses of Rs. 171 billion during the first quarter of FY2025, according to official data. Between July and September, DISCOs recorded Rs.