Tag Archives: debt

Omar Ayub, announces, withdraw, capacity, charges, circular, debt

Omar Ayub announces withdrawal of capacity charges on circular debt

09 September, 2019 8:48 pm 8:48 pm

ISLAMABAD (92 News) – Federal Minister for Power and Petroleum Omar Ayub Khan has announced to withdraw the capacity charges on the circular debt. Addressing a press conference on Monday, he said that the previous government burdened the IPPs with extra expenditures and for this reasons the IPPs moved the court. “Pakistan suffered a great … Read More

Debt, increase, petrol, price, raised, PM, Imran Khan, Sharifs, NRO, gas

Debt would increase if petrol price not raised, says PM Imran Khan

05 May, 2019 8:46 pm 8:46 pm

ISLAMABAD (92 News) – Prime Minister Imran Khan has said that the debt would increase if the petrol price was not raised. Speaking at the 23rd Foundation Day of the PTI, he said that they had received deficit of Rs19 billion in the current account. “The PPP, the PML-N had not left the canals of … Read More

Govt decides to pay back Rs 50 billion in circular debt: sources

09 September, 2018 1:52 pm 1:52 pm

ISLAMABAD (92 News) – The federal government on Thursday decided to immediately pay back Rs50 billion in circular debt. According to the sources of the Finance Ministry, the decision has been taken after independent power producers (IPP) threatened that they will suspend power generation. They said that the phase-wise payment will be initiated from Monday … Read More

Greece gets debt relief from euro zone

06 June, 2018 10:26 am 10:26 am

LUXEMBOURG (Reuters) – Euro zone finance ministers on Friday extended maturities and deferred interest of a major part of their loans to Greece along with a big cash injection to ensure Athens can stand on its own feet after it exits its bailout in August. Greece has been living primarily on money borrowed from euro … Read More