Energy ministry proposes policy revision to reduce circular debt

ISLAMABAD: The Senate Special Committee on Circular Debt has emphasised that both the government and people of the country should be sensitised to the circular debt of Rs566 billion and the problem must be addressed immediately.

The Ministry of Energy (Power Division) proposed that in order to eliminate the circular debt, it was necessary to reframe policies, especially those that pertain to power distribution companies. The committee met under the chairmanship of Senator Shibli Faraz on Wednesday.

Power Division Additional Secretary Waseem Mukhtar threw light on overall situation of the energy sector and discussed remedial measures that would be taken to reduce the debt.

Published in The Express Tribune, 2nd August, 2018