Circular debt decreased

Author: Daily Times

Sir: One of the many factors in the energy crisis in Pakistan has been ever increasing circular debt, which prevents the maximum use of available capacity for power generation. The incumbent government as it took power tried to at once clear this debt but it needs gradual elimination through proper systems so that this constraint is overcome permanently. The overall system for collection of power dues should be such as to prevent any deliberate evasion on the part of consumers, especially big clients who cause the most increase in circular debt. The good news in this regard is that recently the debt has decreased to Rs 238 billion from Rs 295 billion due to some improvements in power dues collections. It is hoped that the committee constituted by the prime minister in this regard will do even better by strategising practical, productive and long term solutions for recovery and collection of power dues.

AFIA MALIK
Lahore

Share
Leave a Comment

Recent Posts

  • Pakistan

PM Shahbaz Sharif Says Track & Trace is Nothing but a Cruel Joke

  Prime Minister Shahbaz Sharif of Pakistan has declared the Track & Trace system, a…

5 hours ago
  • Pakistan

Jolion HEV Officially Launched in Pakistan!

The strategic partnership of GWM and SAZGAR brought with it the world renowned Haval brand…

9 hours ago
  • Lifestyle

Celebrating Tradition: World’s Largest Rallis Crafted by Sindhi Artisans

In a celebration of heritage, skilland craftsmanship, we are pleased to announce the creation of…

10 hours ago
  • Pakistan

Wajood Society Pioneers Pakistan’s First Alliance of Transgender Adolescents and Youth

Multan, South Punjab, Pakistan - April 25, 2024 - In a historic stride towards inclusivity…

10 hours ago
  • Business

KSE-100 rallies over 1% to hit another record high

The Pakistan Stock Exchange's (PSX) benchmark KSE-100 Index hit a fresh peak on Friday, as…

11 hours ago
  • Business

Kaspersky Next: new flagship product line for business

Kasperskyintroduces its new flagship product line 'Kaspersky Next' combining robust endpointprotection with the transparency and…

11 hours ago