KARACHI: The energy sector’s circular debt has ballooned to Rs2.47 trillion threatening to slash the country’s gross domestic product (GDP) growth potential despite a number of policy stimulus provided by the government. With the latest increase in the rates of petroleum products and the expected hike in the electricity tariff, the crippling power sector debt … Read more
ISLAMABAD: The Cabinet Committee on Energy (CCoE) reviewed the Circular Debt Report September 2021, submitted by the Power Division, and appreciated the reduced accumulation of the circular debt. The meeting of the CCoE was held under the chairmanship of Federal Minister for Planning, Development and Special Initiatives Asad Umar. The Petroleum Division presented a report … Read more
ISLAMABAD: The Council of Common Interest (CCI) meeting, presided over by Prime Minister Imran Khan, has approved the model of Indicated Generation Capacity Expansion Plan (IGCEP), which will allow efficient usage of electricity in Pakistan and help reduce the circular debt. In his tweet, Minister for Energy Hammad Azhar said that through this plan, the … Read more
ISLAMABAD: The circular debt has been curtailed by Rs408 billion in the outgoing fiscal year, a senior government official said on Wednesday. During a meeting with the World Bank delegation, led by its Vice President for South Asia Hartwig Schafer, which called on him, Federal Minister for Energy Hammad Azhar said that due to the … Read more
