The power sector’s circular debt has increased by Rs. 303 billion to a staggering Rs. 2.6 billion during the first four months (July-October) of the financial year 2022-23. The circular debt has increased by over Rs. 75 billion per month (average) due to base tariff hikes, Fuel Cost Adjustments ...

ISLAMABAD: Minister for Planning, Development and Special Initiatives Asad Umar on Tuesday said the circular debt build up in energy sector had declined by Rs 189 billion during first 10 months (July-April) of current fiscal year as compared to same period of last year. "Circular debt build up in ...

The 52nd meeting of the National Assembly Standing Committee on Finance and Revenue was held at Parliament House, Islamabad, under the chairmanship of MNA, Mr. Faiz Ullah. The Additional Secretary Power Division (M/o Energy) informed the Committee about the sector-wise circular debt. He ...

ISLAMABAD- Minister for Power Omar Ayub says the agreement signed with the Independent Power Producers will reduce circular debt and strengthen the country economically.He said this while  addressing the Hi-Octane 97 Euro -V petrol   launching ceremony in Islamabad on ...

ISLAMABAD - National Assembly held discussion on economy and inflation in the country. Initiating the debate, PML-N leader Khawaja Asif said the nation is confronting the crucial issue of inflation which must be addressed on emergency basis. He said the beneficiaries of wheat and sugar crises ...

ISLAMABAD - Minister for Power Division Omar Ayub Khan has said gross circular debt has almost reduced to half due to prudent policies of the government. In a series of tweets, he said circular debt build-up for first quarter of the current fiscal year was 77 billion rupees of which 39 billion ...

ISLAMABAD - Another good news for Pakistan on the economic front has been reported by the top financial institutions. A high-level delegation of international financial institutions comprising members from IMF, World Bank and Asian Development Bank have appreciated and expressed satisfaction over ...

ISLAMABAD: The Finance Division has been mulling to issue interest-bearing bonds to reduce the power sector’s circular debt, Pakistan Today has learnt. Sources privy to the matter disclosed that the finance ministry has been considering a proposal which was floated by leading businessman ...

ISLAMABAD - Bearing the fruit of the unprecedented efforts of the incumbent government, the circular debt in the power sector has been reduced by 32% last year to 68% since the PTI government took over. The government is committed to eliminating the circular debt completely by the next financial ...

*ISLAMABAD:*The incumbent government has embarked on an ambitious programme to cut down circular debt to Rs225 billion by December after it escalated to Rs450 in an years time, sources told APP. According to sources, circular debt escalated to Rs450 billion in just one year due to delay in tariff ...