Debt settlement a short-term solution; market opening welcomed
Energy sector. Design: Ibrahim Yahya
The year 2025 brought both pain and gain in the energy sector during which the Shehbaz Sharif-led government made efforts to address the emerging and longstanding challenges.
A major problem plaguing the energy sector for decades has been the chronic circular debt, which has impacted the entire chain. The current government inked a Rs1.225 trillion financing agreement with a consortium of 18 banks to curtail the circular debt in the power sector.
Though the finance minister called it the largest restructuring deal in Pakistan's history, the settlement was not a new an
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