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Govt signs $4.5bn loans with local banks to ease power sector debt

31 0
21.06.2025

The government has signed term sheets with 18 commercial banks for a Rs1.275 trillion Islamic finance facility to help pay off the mounting debt in its power sector, Power Minister Awais Leghari said on Friday.

The government, which owns or controls much of the power infrastructure, is grappling with ballooning circular debt, unpaid bills and subsidies that have choked the sector and........

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