ISLAMABAD: Criticising the decision to increase power tariff by Rs1.95 and putting a burden of Rs200 billion on consumers, former finance minister Miftah Ismail said the federal government has completely failed to control the circular debt that has reached Rs2.4 trillion, a highest level in the country’s history. In a video message on Sunday, Miftah […]
8SharesISLAMABAD: The Sub-committee of Senate Standing Committee on Power in its meeting on Tuesday presented a detailed analysis of how the overpayments to independent power plants (IPPs) have greatly contributed to the circular debt and how the private businesses flourished while damaging the national exchequer owing mainly to the haphazardly-designed agreements. Also read: Circular Debt Increases […]
Authorities on Monday told a parliamentary panel that the circular debt faced by the country has increased to Rs795 Billion, but the efforts of power companies to curb electricity losses were paying off. Secretary Energy Irfan Elahi briefed a Public Accounts Committee (PAC) chaired by Naveed Qamar over the progress of the power sector. “Among […]
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