Overview

• Power Minister Awais Leghari announced a syndicated package at KIBOR minus 0.9% with an 18‑bank consortium, described as Islamic‑structured and discussed with the IMF.
• Officials reported the circular debt stock at Rs1,614 billion as of June 2025 after reforms and renegotiated contracts with Independent Power Producers.
• The government cited Rs780 billion in savings, including Rs242 billion from anti‑theft and recoveries, Rs175 billion from lower interest rates, and Rs363 billion from IPP renegotiations.
• The Rs3.23 per unit electricity surcharge is slated for gradual removal over five to six years, with the minister asserting the plan adds no new burden on consumers.
• Leghari credited improved Disco governance for lower losses and said the debt grew from roughly Rs1.1 trillion in 2018 to Rs2.28 trillion by 2022 before the current plan.