Step taken to eliminate energy circular debt

Landmark Financing Deal Will End Circular Debt In Six Years, Leghari Assures - Pakistan Live News

Energy Minister Awais Leghari is addressing a press conference in Islamabad. — APP/File ISLAMABAD: Federal Power Minister Awais Leghari said on Friday that Pakistan’s circular debt would be wiped out within six years under a landmark financing pact with 18 banks, clinched on favourable terms that place no extra burden on consumers. Addressing a press conference, the minister strongly criticised the previous government for worsening the circular …

Step taken to eliminate energy circular debt

ISLAMABAD/NEW YORK: Prime Minister Muhammad Shehbaz Sharif on Thursday inaugurated Pakistan’s first-ever comprehensive energy circular debt elimination plan, describing it as a “historic breakthrough” that will pave the way for sustainable reforms in the power sector. Speaking at the signing ceremony, the prime minister lauded the collective efforts of the government, financial institutions, and the task force for successfully negotiating and fi…