Category: Latest News

Pakistan, Poland Vow to Strengthen Economic, Defence, and Strategic Ties

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New-Project76

ISLAMABAD: Pakistan and Poland have reaffirmed their resolve to elevate bilateral relations into a comprehensive and mutually beneficial partnership, pledging to expand cooperation in trade, defence, energy, infrastructure, counterterrorism, science and technology, and education. The commitment was announced during a joint press stakeout at the Ministry of Foreign Affairs following talks between Deputy Prime Minister and Foreign Minister Ishaq Dar and visiting Polish Deputy Prime Minister and Foreign Minister Radosław Sikorski. Dar highlighted the “untapped potential” in bilateral trade, which currently exceeds $1 billion, and underscored Pakistan’s appreciation for Poland’s…

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Pakistan’s Public Debt Rises to 71% of GDP; NA Panel Warned of Mounting Fiscal Strain

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New-DEBT

ISLAMABAD: Pakistan’s total public debt has surged by over 10 percent of GDP in the past decade, rising from 60 percent in 2016 to 71 percent in 2025, the National Assembly Standing Committee on Finance and Revenues was informed on Thursday. Alarmingly, debt servicing consumed 89 percent of the federal government’s net revenue receipts in FY2025, leaving just 11 percent for all other expenditures, including defence, development, and pensions. The committee, chaired by Syed Naveed Qamar, was briefed by Finance Ministry economists Dr. Waseem and Aizaz Asif, who highlighted that…

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India to Slash Russian Oil Imports Amid New US Sanctions on Moscow’s Energy Giants

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New-oil1

NEW DELHI: India is preparing to significantly cut imports of Russian crude oil in response to new US sanctions on Russia’s top oil producers, Lukoil and Rosneft, industry sources said on Thursday. The move marks a major policy shift and could help pave the way for a potential trade deal with Washington. The decision follows mounting US pressure and the imposition of 50% tariffs on Indian exports, half of which were introduced in retaliation for India’s continued purchase of Russian oil. In exchange for scaling down crude imports from Moscow,…

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Nepra Imposes Rs25 Million Fine on LESCO Over Rising T&D Losses, Poor Recoveries

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New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has imposed a Rs25 million fine on the Lahore Electric Supply Company (LESCO) for failing to improve its transmission and distribution (T&D) losses and bill recoveries during FY 2023-24, compared to the previous fiscal year. According to Nepra, the decision follows findings from the Circular Debt (CD) Report for June 2024, received from the Central Power Purchasing Agency-Guaranteed (CPPA-G). The report revealed that total electricity purchases by distribution companies (DISCOs) fell slightly from 116,696 GWh in FY 2022-23 to 115,142 GWh in…

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Tariff Revision Puts K-Electric’s Profitability at Risk, Warn Analysts

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KARACHI: Analysts have warned of a grim financial outlook for K-Electric (KE) following the National Electric Power Regulatory Authority’s (Nepra) revised decision on the utility’s Multi-Year Tariff (MYT) for 2024–2030, predicting a potential annual shortfall of Rs79 billion and a loss per share (LPS) of Rs2.9 for FY24. In its latest ruling issued on October 20, 2025, Nepra slashed KE’s tariff from Rs39.97 per unit to Rs32.37, introducing significant structural adjustments that analysts believe will severely strain the company’s balance sheet. A report by AKD Securities estimates the annual shortfall…

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