Circular debt

Part of working capital is stuck in circular debt; rupee fall causes loss on coal import

20% energy to be generated by alternate sources by 2025

PML-N's Miftah Ismail hits out at PTI for ‘mismanaging’ economic affairs

Eight Islamic banks buy bonds, proceeds of which go
to IPPs, oil and gas firms

Ministers suggest a study to examine measures taken by Indian states to check power-sector losses

Illogical to believe that one can get rid of the circular debt by simply increasing the consumer tariff

Power minister says country will need to double generation capacity to 55,000MW by 2030

Loan to be used to pay off circular debt, provinces' net hydel profit

Power minister Omar Ayub says govt develop more wind and solar power projects through competitive bidding

Umar, Finger make first visual contact; IMF wants Pakistan to adopt steeper measures

ECC decides there will be no gas outages during winter

T&D losses, receivables should be controlled in an organised manner

These were on account of circular debt and food subsidy

Fragmentation of distribution companies, smart meters, less strict regulation can bring down losses

In 10 years, the debt parked in holding company has gone up from Rs105 billion to Rs582 billion

ECC failed to devise a mechanism to curb circular debt, which now stands at almost Rs600 billion

States national exchequer has suffered loss of Rs111b due to line losses

Annual interest of Rs153b is paid on loans taken to deal with debt

Boards of power firms must have professionals having no vested interest

Senator insists tube wells must run on solar energy to control shortfall

Reaches Rs547 billion so far in the current month

Discos expecting Rs101 billion additional revenues during month of June

These defaulters have to pay Rs348b, but they continue to get electricity

The concept of negative money will be new to most people

The tale of circular debt reads like a Shakespearian tragedy for Pakistan

Matter may again land in NAB for investigation into undue favour

A summary in this regard will be tabled before the ECC

Concerns over power tariffs have not been addressed despite repeated demands

PSO uncertain whether it will get anything given its huge Rs296b receivables

Finance ministry blamed for accumulation of Rs401b circular debt

Says despite low global petroleum prices Pakistan’s growing debt unfathomable

Finance committee unanimously adopts investigation report into alleged undue payments made in June 2013

Resurgence of load-shedding portrays govt’s myopic aims

Currently the government owes around Rs250 billion

Ministry of Finance to release just Rs6b against Rs393b debt

Circular debt was officially defined by the Economic Coordination Committee (ECC) of the Cabinet in 2014

Entire allocation has been consumed; energy firms face risk of default

Finance ministry slowed payments of subsidies and other financial obligations following the expiry of IMF programme

ECC decides to roll over the debt, taken in 2012, for two more years

Circular debt of Rs300b has piled up despite massive fall in international crude oil price

Private sector dues, T&D losses biggest contributors to inter-corporate debt

Pakistan’s economy is showing visible signs of improvement

Circular debt issue took another ugly turn as a central bank official confirmed SBP cleared Rs342bn worth of debt

Ministry bypassed Accountant General of Pakistan Revenue, which is called serious lapse

Water and power ministry told to conduct heat-rate audit of power firms

Pakistan’s power sector is afflicted by corruption at all levels and of all sorts

Govt paid Rs165 billion to power producers it could have avoided: audit report

Pakistani governments have the tendency to make most things look good on paper

The near-term economic outlook is positive as the government continues its reform momentum

Extends application of reduced WHT and imposes 10% duty on yarn import