Circular debt surges to whooping Rs2.47 trillion

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ISLAMABAD: Breaking all previous records, the power sector circular debt during Pakistan Tehreek-e-Insaf (PTI) has reached whooping Rs 2,476 billion in the history of the country.

According to sources, the power sector circular debt has increased by Rs 196 billion to a record high of Rs 2,476 billion during the first six months (July-December) of the Fiscal Year 2021-22 as compared to the same period of the previous year.

According to sources, the circular debt increased at a monthly average Rs 32.50 billion from July to December.

Sources said that the volume of circular debt till August 2018 was Rs 1,148 billion which increased to Rs 2,476 billion by December 2021.

Read more: NEPRA reduces electricity tariff by 76 paisas for KE consumers

National Electric Power Regulatory Authority (NEPRA) has reduced the price of electricity by 76 paisas per unit for K-Electric consumers.

NEPRA reduced the price of electricity for K-Electric consumers by Rs0.76 per unit. It has also issued notification of a reduction in electricity tariff.

According to the notification, the reduction in electricity prices was made in the context of the fuel adjustment of November 2021. Electric consumers would get relief from the reduction in February 2022 cables.

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