The International Monetary Fund (IMF) has imposed 11 new conditions on Pakistan as part of its ongoing economic reform programme, including further increases in petroleum, gas and electricity prices, according to official reports. The new requirements also include structural reforms aimed at improving fiscal discipline, strengthening tax collection, and enhancing transparency in key government institutions. […]
energy reforms
Pakistan to replace electricity subsidy with targeted system
Pakistan has assured the International Monetary Fund (IMF) that it will overhaul its electricity subsidy system, ending the general subsidy on electricity consumption of up to 200 units and replacing it with a targeted support model. Read More: Pakistan raises power tariffs under IMF subsidy cap According to official sources, the new system will be introduced within eight months and […]
Pakistan assures IMF on higher electricity tariffs, limits subsidy to Rs830 billion
ISLAMABAD: The Pakistani government has assured the International Monetary Fund (IMF) that electricity tariffs will be raised as per agreed targets, while also deciding to limit budgetary subsidies to Rs830 billion in the upcoming fiscal year. Read More: IMF urges Pakistan to maintain tight monetary policy amid ME conflict According to government sources, this move aligns […]
Pakistan’s gas sector burdened by Rs3.28 trillion circular debt
ISLAMABAD: Pakistan’s gas sector is facing a financial crisis, with circular debt swelling to Rs3.283 trillion, lawmakers were informed during a briefing before the National Assembly’s Standing Committee on Petroleum. Parliamentarians warned that rising losses at state-run utilities could destabilise the system and ultimately burden consumers. Read More: Government plans to clear gas sector circular debt […]
Pakistan launches 2026 reforms report with 660 changes
The Pakistan Reforms Report 2026 was unveiled in Islamabad, highlighting over 660 institutional reforms implemented in the past year to strengthen transparency, efficiency, and digital governance across federal institutions. The launch ceremony emphasized long-term systemisation over ad hoc decision-making. Federal Minister Dr. Musadik Malik said roughly 35 percent of the reforms focused on digitisation, including […]
Power Sector 2025: How Transparency and Merit Are Delivering Real Change
For years, Pakistan’s power sector has been synonymous with circular debt, opaque deals, and consumer frustration. It functioned as a significant drain on the national exchequer, with losses and inefficiencies ultimately burdening the common citizen through higher tariffs and an unreliable supply. The year 2025, however, may be remembered as a turning point—a year […]
IMF aims to maintain zero circular debt inflow this fiscal year
ISLAMABAD – The federal government has set a target to bring the power sector’s circular debt inflow to zero during the current fiscal year, a key condition set by the International Monetary Fund (IMF) for the release of a $1.2 billion tranche under the Extended Fund Facility (EFF). Read More: IMF to disburse $1.2bn to Pakistan […]
Pakistan’s power sector circular debt rises to Rs1.69 trillion
ISLAMABAD — Pakistan’s circular debt in the power sector surged by Rs79 billion during the first quarter of the fiscal year, reaching Rs1.693 trillion by the end of September 2025, according to a report issued by the Power Division. The report highlighted that the debt had stood at Rs1.614 trillion in June 2025, marking a […]