Circular debt

The government must also come up with a more effective power theft and ‘line-loss’ policy

Regulator chides PESCO for long hours of announced load shedding

Nepra has, since its inception, failed to conduct technical audits of independent power producers (IPPs)

Fund questions increase of Rs7/unit in electricity prices, circular debt handling

Govt accumulates debt at 26%, averaging Rs44b per day since Sept last year

Ministry proposes debt reduction via subsidies, revision of policies and deals

Among defaulters, PIA has to pay Rs26b to oil marketing firm

Govt only concerned about circular debt, focuses less on habitual defaulters

Only tariff hike targeted under foreign loans-linked reforms, other critical issues ignored

Debt swells due to inefficiency, theft and losses faced by power distribution firms