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Pakistan's circular debt in energy sector swells to Rs 2.358 trillion in 7 months

Pakistan's circular debt in energy sector swells to Rs 2.358 trillion in 7 months

Mar 04, 2022, at 04:40 am

Islamabad: Pakistan's growing economic troubles is getting more clear as troubling energy sector’s circular debt has reached Rs 2.358 trillion during the first seven months (July, 2021-Jan, 2022) of FY 2021-22 compared to Rs 2.331 trillion in corresponding period of 2020-21 due to reduction in amount parked at Power Holding Limited (PHL) and Gencos payables to fuel suppliers, media reports said.