ISLAMABAD: The circular debt stood at Rs573 billion till two weeks back when the Pakistan Muslim League-Nawaz’s (PML-N) government completed its tenure on May 31. However, this debt has witnessed a significant decline and it now stands at Rs499 billion.

A senior government official told The Express Tribune that circular debt has come down from Rs573 billion to Rs499 billion now. “Delay in tariff determination of power distribution companies (Discos) was a major reason for rising circular debt,” he added.

Published in The Express Tribune, 14th June, 2018

https://tribune.com.pk/story/1734634/1-pml-n-era-circular-debt-comes-573b-rs499b/