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Pakistan’s gas industry is in debt by Rs. 2,897 billion.

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In Pakistan’s gas industry, the circular debt has reached Rs2,897 billion, official papers show, despite recent rises in gas prices. Surcharges for late payments totaling Rs. 814 billion are included in this loan.

Important debt numbers for large corporations in the industry are provided in the documents. Rs 1,133 billion in circular debt is owed by the Oil and Gas Development Company Limited (OGDCL). Circular debt of more than Rs800 billion is owed by Pakistan Petroleum Limited (PPL). With a total of Rs816 billion in circular debt, Pakistan State Oil (PSO) too possesses a significant amount.

More than Rs515 billion is owed to PSO by the Sui Northern Gas Pipelines Limited (SNGPL). More than Rs152 billion worth of oil has also been borrowed by the Central Power Purchasing Agency (CPPA) generation companies.

To further complicate the web of debt, the PSO itself owes different refineries Rs251 billion.

Gas theft continues to be a major national issue in addition to these financial difficulties.

The amount of money stolen in gas, according to Ministry of Petroleum officials, has surpassed Rs 50 billion. Gas theft is most common in Balochistan, where it costs the state Rs25 billion a year. A total of Rs19 billion is stolen in gas each year in Sindh. A total of Rs16 billion is stolen of gas each year in Punjab and Khyber Pakhtunkhwa.

The significant obstacles Pakistan’s gas industry faces are exemplified by the rising circular debt and epidemic gas theft. For the industry to stabilize and for there to be a consistent supply of energy going forward, these problems must be solved.

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The total amount of Pakistan’s liquid foreign reserves is $15.95 billion.

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As of February 14, Pakistan’s total liquid foreign reserves were $15,947.9 million, with the State Bank of Pakistan’s (SBP) holdings being $11,201.5 million.

Official figures for the week ending February 14, 2025, show that the central bank’s liquid foreign exchange reserves rose by $35 million to $11,201.5 million.

Commercial banks maintained net foreign reserves of $4,746.4 million during the period under review, according to the breakdown of foreign reserves.

The nation’s total liquid foreign reserves as of the week ending February 07, 2025, were $15,862.6 million.

Of these, the central bank held $11,166.6 million in foreign reserves, while commercial banks kept $4,696 million in net reserves.

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In January 2025, RDA inflows reach 9.564 billion USD.

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Remittances under the Roshan Digital Account (RDA) increased from US $9.342 billion at the end of 2024 to US $9.564 billion by the end of January 2025.

The most recent data issued by the State Bank of Pakistan (SBP) revealed that remittance inflows in January totaled US$222 million, compared to US$203 million in December and US$186 million in November 2024.

Millions of Non-Resident Pakistanis (NRPs), including those who own a Non-Resident Pakistan Origin Card (POC), desire to engage in banking, payment, and investing activities in Pakistan using these accounts, which offer cutting-edge banking options.

Nearly 778,697 accounts were registered under the scheme by the end of January 2025, according to the data.

By the end of January, foreign-born Pakistanis had contributed US $59 million to Roshan Equity Investment, US $479 million to Naya Pakistan Certificates, and US $799 to Naya Pakistan Islamic Certificates.

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FBR lowers Karachi’s built-up structure property valuation rates

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A year-by-year breakdown of the depreciation value of residential and commercial built-up properties is included in the updated property valuation rates for Karachi that the FBR has announced.

The notification said that built-up structural values on residential property will be gradually reduced.

A residential home’s built-up structure, which is five to ten years old, will lose five percent of its worth.

In a similar vein, constructions between the ages of 10 and 15 will lose 7.5% of their value, while those between the ages of 15 and 25 would lose 10%. Built-up structures that are more than 25 years old will be valued similarly to an open plot.

Furthermore, age will also be used to lower the valuation of built-up properties, such as apartments and flats.

Structures that are five to ten years old will depreciate by ten percent, while those that are ten to twenty years old will depreciate by twenty percent. A 30% depreciation will be applied to properties that are 20 to 30 years old, while a 50% reduction will be applied to those that are above 30 years old.

In terms of commercial built-up properties, buildings that are 10 to 15 years old will lose 5% of their value, while those that are 15 to 25 years old will lose 8%. The value of properties that are more than 25 years old will drop by 10%.

In contrast, there would be a 15% boost in the value of commercial properties in the Defence Housing Authority (DHA) that face any Khayaban.

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