national

March 1, 2021

Circular debt threatens energy security, consumer welfare: think tank

ISLAMABAD: A new report issued by an independent think tank PRIME has warned that continuous build-up of the circular debt, which stands at an all-time high of 5.2pc of GDP, poses a threat to the country's energy security and consumer welfare.The report acknowledges the federal government's efforts to reduce capacity payment liabilities and its plans to introduce a long-overdue competitive market regime. The PRIME report mentions that the share of renewables in the energy mix has gone down...