Tuesday, June 6, 2023

Pakistan’s Circular Debt Crosses Rs 4.177 Trillion

The debt of country’s energy sector has reached to an alarming position standing at Rs4,177 billion, as per the sources.

As Pakistan’s economic situation is getting worst, the documents have disclosed that energy domain is fully functional on credit terms.

The debt against every sector is increasing as government is unable to pay off the dues to IPPs (independent power producers).

As per the sources confirmation, the energy sector’s circular debts are swelling with Rs129 billion on yearly basis.

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