ISLAMABAD (HRNW) – Prime Minister Imran Khan has summoned an important meeting with NEPRA Chairman Tauseef Farooqi and Federal Minister for Energy Omar Ayub Khan to find a solution to the menace of skyrocketing circular debt in the power sector – as the overall liabilities rose to Rs1.782 trillion by December 2019, up 34 per cent since September 2018 when PTI came to power.
The premier aims to restrict further increase in the electricity tariffs, and has sought recommendations from the NEPRA’s chairman, Mr Omar Ayub and Advisor to the PM on Finance and Revenue Abdul Hafeez Sheikh.
On Friday, in written statement sent out to the media, the Power Division underlined that the circular debt at the beginning of September 2018 when the PTI government took office was Rs1.33 trillion and was increasing at a rate of Rs38bn a month.
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