Pakistan finalizes record Rs 659.6bn power sector debt settlement, says minister
An electricity transmission tower is seen a day after a nationwide power outage in Karachi on January 24, 2023. — Reuters The Deal promotes cyclical debt cuts as part of the government’s reform plan. Analysts say the move boosts energy liquidity and investor confidence. The settlement aims to reduce the cyclical debt of the electricity sector. Islamabad: Pakistan has completed a landmark repayment of Rs 659.6 billion of liabilities of Power Holding Limited (PHL), the largest ever deal in the debt capital markets, Federal Minister for Power Sardar Awais Ahmed Khan Leghari announced on social media. The News reported on
