Pakistan, June 25 -- ISLAMABAD - The National Assembly has approved a massive Rs715.45 billion budget for Pakistan's energy sector for the fiscal year ending June 30, 2026, with a strong focus on reducing power costs and tackling circular debt. The largest share of this allocation, Rs636.9 billion, has been granted to the Power Division to cover operational costs, including Rs72.1 billion reserved for paying external energy-related loans.

Additionally, the Power Division will receive Rs2.39 billion for development spending on ongoing and new projects. Meanwhile, the Petroleum Division has been allocated Rs2.17 billion, and Rs1.15 billion has been earmarked for the Geological Survey of Pakistan to support energy exploration and resource m...