Power sector receivables cross Rs805bn mark
ISLAMABAD: The country’s power sector receivables crossed Rs805 billion as of January 31, 2018 compared to Rs730 billion on June 30, 2017, showing an increase of over 10 per cent in seven months of the current fiscal year.
According to official documents, Discos’ collection has registered a 10.3 percent decline to Rs 655.94 billion as of January 31, 2018 against billing of Rs 731.71 billion during seven months of 2017-18.
The volume of receivables against provinces has increased to Rs139.38 billion as of January 30, 2018 as compared to Rs115 billion on June 30, 2017. The total collection during this period stood at Rs 53.50 billion against billing of Rs 77.76 billion.
The amount of receivables against Punjab increased from Rs1.63 billion to Rs3.92 billion. Collection from Punjab stood at Rs12.74 billion against billing of Rs 14.99 billion. Outstanding receivables against KPK government were Rs20.22 billion by end-January 2018 as compared to Rs19.65 billion on June 30, 2017. The collection was Rs 3.16 billion in KPK against billing of Rs 3.88 billion.
Published in Business Recorder, 13th April, 2018