Govt set to release Rs400bn to lessen circular debt

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Govt set to release Rs400bn to lessen circular debt

The government is going to give the energy industry Rs400 billion to reduce the amount of circular debt there is.

Sources in the Ministry of Finance said that K-Electric and the government power plants would get Rs197 billion to help them pay off their circular debt.

A paper said that the circular debt would go down by Rs400 billion by the end of this fiscal year.

Also see: Pakistan’s circular debt in the power industry rises to Rs2.646tr

The gas companies will get Rs65 billion from K-Electric, the paper says.

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