Govt plans to curtail circular debt by Rs425bn in FY22

ISLAMABAD: The Power Division on Friday said it was targeting curtailing circular debt by about Rs425 billion during the current fiscal year (FY22) to Rs1.856 trillion chiefly through Rs230bn prior year recoveries from consumers through base tariff. In a report on circular debt presented to the Cabinet Committee on Energy (CCoE), the Power Division said the circular debt accumulation during the current year was projected … Continue reading Govt plans to curtail circular debt by Rs425bn in FY22