business

September 21, 2019

Energy reforms restrain circular debt’s growth to Rs18bln/month

ISLAMABAD: The government’s steps to control line losses and improve recovery has curtailed growth in circular debt to Rs18 billion per month from monthly Rs38 billion, a minister said on Friday.Minister for Power Omar Ayub Khan said circular debt has shown considerable reduction in its growth due to concerted efforts of the power division’s team.“It was growing with volume of Rs38 billion per month and in 8 month its growth at the end of the last financial year was reduced to Rs26...