Circular Debt in Pakistan
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Steadily increasing circular debt in energy sector is further increasing the cost of doing business in Pakistan. Business community demands for immediate measures from interim government and Chief Justice of Pakistan. (Sajid Imtiaz)
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Circular Debt in Pakistan
- 1. PKR 547 Billion Circular Debt in Pakistan Pakistan is producing 64% of electricity through thermal sources due to which energy cost in Pakistan has become costlier in the region. Average price of electricity in Pakistan is Rs.13 to Rs.14 per unit as compared to Rs.7 per unit in India. Debt of Energy Sector has Crossed Rs.1 Trillion Transmission and distribution network of Pakistan is quite old due to which T&D losses are increasing. Some electricity companies like Hubco have recorded T&D losses from 22 to 37 percent. Cost of Doing Business in Pakistan has Increased Manifold Sajid Imtiaz: Creative Director Graymatter