Category: Shortcode

ISLAMABAD: Pakistan’s circular debt in the power sector stood at Rs2.396 trillion by the end of March 2025 — marking a marginal Rs2 billion rise since July 1, but a notable Rs398 billion reduction compared to March 2024. According to a Power Division report covering the first three quarters (July–March) of the current fiscal year, payables to power producers increased by Rs33 billion to Rs1.633 trillion, up from Rs1.60 trillion in July 2024. In contrast, Gencos’ liabilities to fuel suppliers fell to Rs79 billion from Rs110 billion. The debt stock…

In a major milestone for Taj Gasoline, the company has officially announced the formation of its Board of Directors, marking a new chapter of growth and strategic leadership. With this development, the company’s founder and former CEO has transitioned into the role of Chairman of the Board. In his message, the Chairman expressed deep gratitude to several key figures who have played pivotal roles in this transition. Special thanks were extended to Jawwad Ahmed Cheema, a longstanding inspiration throughout his journey in the oil industry; Mohammad Zubair, a highly respected…

Pakistan stands on the brink of a major political and constitutional showdown as a fierce dispute emerges between the federal government and provinces over control of the country’s estimated $8 trillion in rare earth mineral reserves—critical assets now considered more strategic than oil and gas. In a recent episode of his television show, senior political analyst Najam Sethi explored the escalating controversy, highlighting the tug-of-war over ownership, control, and profit-sharing of upcoming mining projects. Provincial governments argue that they are entitled to up to 90% of revenues from any minerals…