Author: Admin

Pakistan’s Public Debt Rises to 71% of GDP; NA Panel Warned of Mounting Fiscal Strain

Admin
New-DEBT

ISLAMABAD: Pakistan’s total public debt has surged by over 10 percent of GDP in the past decade, rising from 60 percent in 2016 to 71 percent in 2025, the National Assembly Standing Committee on Finance and Revenues was informed on Thursday. Alarmingly, debt servicing consumed 89 percent of the federal government’s net revenue receipts in FY2025, leaving just 11 percent for all other expenditures, including defence, development, and pensions. The committee, chaired by Syed Naveed Qamar, was briefed by Finance Ministry economists Dr. Waseem and Aizaz Asif, who highlighted that…

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India to Slash Russian Oil Imports Amid New US Sanctions on Moscow’s Energy Giants

Admin
New-oil1

NEW DELHI: India is preparing to significantly cut imports of Russian crude oil in response to new US sanctions on Russia’s top oil producers, Lukoil and Rosneft, industry sources said on Thursday. The move marks a major policy shift and could help pave the way for a potential trade deal with Washington. The decision follows mounting US pressure and the imposition of 50% tariffs on Indian exports, half of which were introduced in retaliation for India’s continued purchase of Russian oil. In exchange for scaling down crude imports from Moscow,…

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Nepra Imposes Rs25 Million Fine on LESCO Over Rising T&D Losses, Poor Recoveries

Admin
New-NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has imposed a Rs25 million fine on the Lahore Electric Supply Company (LESCO) for failing to improve its transmission and distribution (T&D) losses and bill recoveries during FY 2023-24, compared to the previous fiscal year. According to Nepra, the decision follows findings from the Circular Debt (CD) Report for June 2024, received from the Central Power Purchasing Agency-Guaranteed (CPPA-G). The report revealed that total electricity purchases by distribution companies (DISCOs) fell slightly from 116,696 GWh in FY 2022-23 to 115,142 GWh in…

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Tariff Revision Puts K-Electric’s Profitability at Risk, Warn Analysts

Admin

KARACHI: Analysts have warned of a grim financial outlook for K-Electric (KE) following the National Electric Power Regulatory Authority’s (Nepra) revised decision on the utility’s Multi-Year Tariff (MYT) for 2024–2030, predicting a potential annual shortfall of Rs79 billion and a loss per share (LPS) of Rs2.9 for FY24. In its latest ruling issued on October 20, 2025, Nepra slashed KE’s tariff from Rs39.97 per unit to Rs32.37, introducing significant structural adjustments that analysts believe will severely strain the company’s balance sheet. A report by AKD Securities estimates the annual shortfall…

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French Court Convicts TotalEnergies for ‘Greenwashing’ Over Misleading Climate Claims

Admin
Total-Energies

PARIS: In a landmark decision, a French court has convicted oil and gas giant TotalEnergies of engaging in “misleading commercial practices” by overstating its environmental commitments, marking the world’s first-ever court ruling against a major oil company for climate misinformation. The court found that TotalEnergies’ claims about achieving carbon neutrality by 2050—while simultaneously expanding its oil and gas production—had misled consumers. The company was ordered to remove several environmental claims from its French consumer website. While the court dismissed allegations related to the firm’s corporate communications and promotions of fossil…

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