A meeting held here on Thursday discussed measures to ensure financial sustainability of power companies and resolve the circular debt issue.
The deliberations on key issues of the power sector were held at the Ministry of Finance under the chairmanship of Finance Minister Dr Abdul Hafeez Shaikh.
The participants of the meeting also discussed curtailment of future build-up of debt through cost recovery, increasing efficiency of power companies, improving cash flows through recovery of current and outstanding dues of Pakistan Electric Power Company (Pepco) and other power companies.
Actions being taken for recovery of private receivables of Pepco were also highlighted.
Published in The Express Tribune, July 22nd, 2011.
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