Rs23 billion worth of debt still needs to be paid. ILLUSTRATION: JAMAL KHURSHID
A spokesperson of the ministry said in a statement that Rs480 billion worth of debt was paid and the details of the payments were posted on the official website of the ministry.
The total circular debt amounted to Rs503 billion prior to the payment.
The spokesperson said that Rs23 billion still needed to be paid. The figures and payments have not been independently verified .
Pakistan Muslim League-Nawaz (PML-N) government's much publicised new energy policy envisages an end to power outages within three years besides phasing out electricity subsidies for all but domestic consumers, using up to 300 units a month.
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1719053250-0/BeFunky-collage-(5)1719053250-0-270x192.webp "non solar consumers bear rs200b burden")
Agree with the above whole-heartedly.
Without audit of the claims made by IPP etc., this payment means someone is taking the whole country to the cleaners. We all know how businessmen embellish their claims and coming from the infamous PPP era IPPs and RPPs, we should have been more circumspect of the past.
Where did the money come from? From raising further debt!
This problem will never be solved unless the structural issues (electricity theft etc) are tackled also. Failing which, this kind of adhoc relief will prove only a temporary fix.