Rs780 Billion Circular Debt Reduced in One Year, Rs1.225 Trillion Deal Signed*

awais leghari

Federal Minister for power Sardar Awais Ahmed Khan Leghari said the government has made a record reduction of Rs 780 billion in circular debt within one year. Circular debt has been a huge burden on Pakistan’s economy, rising from Rs 1,100 billion in 2018 to about Rs 2,400 billion before PML-N returned to power. By controlling theft, losses, renegotiating power purchase agreements, and cutting interest rates, the government saved billions and reduced circular debt significantly. The remaining Rs 1,225 billion circular debt has been resolved through an agreement with 18…

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LONGi Highlights Commitment to Solar Energy in Africa at EFFA 2025 Conference

New-Project39

Zambia, September, 2025 LONGi, a leading solar energy company, recently participated in the Energy Forum for Africa (EFFA) conference in Zambia, that took place in middle of September, showcasing its commitment to advancing solar energy solutions in Africa. The event brought together industry leaders, policymakers, researchers, and innovators to address energy challenges and opportunities in Africa. During the conference, Daniel Wang, LONGi Africa Utility Product and Solutions Manager, delivered a presentation highlighting the company’s expertise in providing tailored solar energy solutions for large-scale mining operations. Chris Ye, LONGi’s Regional Utility…

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Wafi Energy Unveils Pakistan’s Second Retail Station Built with Recycled Plastic in Rawalpindi

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Rawalpindi: Wafi Energy, a Shell licensee in Pakistan, has inaugurated the country’s second retail station built using recycled plastic, reinforcing its commitment to sustainable innovation in the energy and retail sector. The new outlet, located at Police Lines Rawalpindi, has been constructed with 7,700 kilograms of plastic waste — equal to more than 5.8 million pieces of end-of-life plastics repurposed into durable building materials. The initiative follows the launch of Pakistan’s first recycled-plastic retail site in Karachi, where Wafi Energy, in partnership with startup Concept Loop, used 6,500 kilograms of…

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Pakistan, China to Unveil CPEC Phase 2.0 at 14th JCC in Beijing

CPEC-PNSC

ISLAMABAD: Pakistan and China are set to formally launch Phase 2.0 of the China-Pakistan Economic Corridor (CPEC) today (Friday) during the 14th Joint Cooperation Committee (JCC) meeting in Beijing. The high-level dialogue will address contentious issues, including capacity payments to Chinese Independent Power Producers (IPPs), partial financing of the Mainline-1 (ML-1) railway and Karakoram Highway (KKH), and the use of Chinese Yuan in selected regions of Pakistan. Islamabad has sought Beijing’s support in extending repayment terms on liabilities owed to Chinese IPPs to reduce electricity costs, though progress has been…

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Trump Lauds Shehbaz, COAS in ‘Historic’ White House Meeting; PM Unveils Circular Debt Plan

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ISLAMABAD/NEW YORK: US President Donald Trump on Thursday hailed Prime Minister Shehbaz Sharif and Chief of Army Staff (COAS) Field Marshal Syed Asim Munir as “great leaders” during what was described as a historic meeting at the White House. Welcoming the Pakistani delegation with full protocol, including a red-carpet reception at Andrews Air Base, Trump praised Field Marshal Munir’s “outstanding personality” and called Shehbaz Sharif a “remarkable individual.” The premier and COAS met the US president in the Oval Office as part of high-level engagements in Washington. Meanwhile, Trump made…

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