Stock of circular debt 20pc higher

Power sector’s circular debt has reached Rs 750 billion of which Rs 421 billion falls squarely in the government’s definition of circular debt whereas Rs 327 billion is parked in the books of Power Holding (Private) Limited (PHPL), well informed sources told Business Recorder.

The stock of circular debt is 20 percent higher than the maximum stock of Rs 350 billion agreed with the International Monetary Fund (IMF).

Published in Business Recorder, 21st November, 2017