Circular debt in Pakistan power sector declining: IMF

IMF report endorses improved power supply, reduction in losses, containment of circular debt

ISLAMABAD, Oct 4 (APP): The annual increase in circular debt of Pakistan’s power sector has come down from Rs 222 billion to just Rs 8 billion in the fiscal year 2015-16.

It was revealed in the data graphics released by the International Monetary Fund (IMF) about the circular debt of Pakistan’s Power sector.

According to the data, power sector losses paid out of the federal budget in Pakistan have come down from Rs 342 billion in fiscal year2012-13 and Rs 138 billion in fiscal year 2013-14 to zero since past two years fiscal years 2014-15 and 2015-16.