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Tag: Circular Debt

Power ministry seeks Rs1.54 trillion to settle circular debt

The Ministry of Energy sought Rs 1.54 trillion from the ruling government to settle the power sector's circular debt, ARY News reported on Friday.   According...

IMF conditions: Govt prepares plan to reduce Pakistan’s circular debt

ISLAMABAD: The federal government has prepared a strategy to reduce circular debt of Pakistan following the conditions tabled by International Monetary Fund (IMF) to...

IMF expresses concern over circular debt in gas sector

ISLAMABAD: The International Monetary Fund (IMF) has expressed concern over the circular debt in the gas sector of Pakistan, citing sources, ARY News reported...

Pakistan’s circular debt crosses Rs4.177 trillion

ISLAMABAD: The circular debt of Pakistan's energy sector has crossed an alarming level of Rs4,177 billion, ARY News reported on Tuesday, citing sources familiar...

Pakistan’s circular debt stands at Rs2.253 trillion

ISLAMABAD: Pakistan's circular debt has been reduced by 564 billion rupees by making payments to the power plants in the last financial year, ARY...

‘Circular debt reached Rs2.46 trillion, PM to unveil action plan soon’

ISLAMABAD: Pakistan Muslim League Nawaz (PML-N) leader and Energy Minister Khurram Dastgir has said that the circular debt of the power sector has reached...

Circular debt down by Rs116 bn after ECC approves IPPs adjustments: Hammad Azhar

ISLAMABAD: Federal Minister for Power Hammad Azhar on Friday announced that the Economic Coordination Committee (ECC) has approved a financial mechanism for government-owned IPPs,...

Circular debt to be brought down to Rs436 bn: SAPM Tabish Gohar

Tabish Gohar said that they want Shanghai electric to make investments in K-Electric.

PM convinced me to help him serve the country, energy SAPM Gohar says

It can’t be said exorbitant agreement were outright corruption but it could sure be incompetence of those in-charge then

ECC forms committee to end circular debt of petroleum division

Adviser to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh chaired a meeting of the Economic Coordination Committee (ECC) of the cabinet on Wednesday.

‘Successful talks between IPPs, govt to bring an end to circular debt’

A 25 to 30-year agreement between the government and IPPs is currently under consideration, said the head of IPPs probe body.

Power division claims drop in monthly circular debt to Rs 15bn

In September 2018, the circular debt stood at Rs 1.33 trillion with a monthly increase of Rs 38 billion.

Power minister denies circular debt rising by Rs21bn per month

'We are delighted that ADB has verified governments claims'

Asad Umar terms circular debt biggest challenge for govt

Newly appointed Minister for Planning and Development Asad Umar on Saturday said that circular debt was the major challenge for the incumbent government.

Govt mulling various options to cut down on circular debt

'Negotiations with banks are going on in this regard'

Circular debt significantly cut owing to govt’s efforts, says power minister

An IMF delegation called on Omar Ayub Khan in Islamabad

Power minister vows to eliminate circular debt by next year

'80 per cent feeders have been cleared of power theft'

Omar Ayub holds PML-N responsible for power crisis

'The circular debt was recorded at Rs 1,190 billion in the month of May 2018'

Government to start comprehensive drive against power theft

ISLAMABAD: Federal Minister for Power Omar Ayub Khan on Thursday revealed his plan to launch comprehensive drive against power theft, to overcome inefficiency of...

ECC decides to take strict action against power defaulters

KARACHI: The government has decided that electricity connections of any person, department or ministry or any other private entity will be disconnected if they...
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