Author: Admin

OGDCL Receives Seventh Circular Debt Payment of Rs7.73bn from PHL

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New-OGDCL1

Islamabad: Oil & Gas Development Company Limited (OGDCL) has received the seventh installment of Rs7.725 billion from Power Holding (Private) Limited (PHL) under the government-approved circular debt settlement mechanism, the company disclosed in a filing to the Pakistan Stock Exchange (PSX) on Tuesday. The payment forms part of a structured plan approved by the Government of Pakistan (GOP) to address long-standing circular debt issues in the energy sector. Under the arrangement, a total interest amount of Rs92 billion is being repaid to OGDCL in twelve equal monthly installments, which commenced…

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NA Passes Landmark CSR Bill to Mandate Corporate Disclosures

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Sindh-Assembly

Islamabad, January 24, 2026: In a major legislative development, the National Assembly on Wednesday passed The Corporate Social Responsibility (CSR) Bill, 2026, marking Pakistan’s first-ever statutory framework to govern CSR practices for large companies and listed firms. The move is aimed at enhancing transparency, accountability, and targeted social impact by the corporate sector across the country. The bill, introduced as a Private Member’s Bill by Pakistan Peoples Party (PPP) lawmaker Dr. Nafisa Shah, received approval after it was reviewed and amended by the Standing Committee on Finance and Revenue. The…

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Govt Seeks $36bn Loans from IFIs, Saudi Arabia to Ease Power Sector Debt, Cut Tariffs

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power-transmission

ISLAMABAD: The government is in talks with International Financial Institutions (IFIs) and Saudi Arabia to secure loans worth $36 billion over 13 years starting FY2027 to refinance the power sector’s mounting debt-servicing burden, a move aimed at lowering electricity tariffs—particularly for industry, well-informed sources told Business Recorder. According to the sources, discussions with IFIs, including the World Bank and the Asian Development Bank (ADB), are centered on financing at an interest rate of around 2 per cent, while funding from Saudi Arabia is being explored at a lower rate of…

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SOCAR to Finalise Oil and Gas Investment in Pakistan in February

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New-SOCAR

DAVOS: The State Oil Company of the Republic of Azerbaijan (SOCAR) is set to finalise its investment in Pakistan’s oil and gas sector in February, following a high-level business roundtable chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on the sidelines of the World Economic Forum (WEF) Annual Meeting. According to an official statement issued on Thursday, the announcement was made by SOCAR President Rovshan Najaf during his engagement with the finance minister. Najaf said SOCAR views Pakistan as a long-term energy partner, citing the country’s market…

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China Finalises $1.5bn Deals, Signs $9bn MoUs with Pakistan Across Key Sectors

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New-Project30

KARACHI: China has finalised new joint venture agreements worth $1.5 billion with Pakistan and signed memoranda of understanding (MoUs) valued at around $9 billion in the agriculture, automotive and minerals sectors, Federal Minister for Investment Qaiser Ahmed Sheikh said on Thursday. Speaking to The Express Tribune, the minister said China is also expected to make an additional $10 billion investment in Pakistan in the near future, as global interest in the country continues to grow and broader foreign investment inflows are anticipated in the coming years. He disclosed that a…

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