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Pakistan

Power division pins blame for circular debt on ‘Q Block’

Source: Dawn
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Power division pins blame for circular debt on ‘Q Block’
Image: Dawn

ISLAMABAD: The power division on Tuesday blamed the Ministry of Finance for a Rs61 billion increase in power sector circular debt, which rose to Rs1.675 trillion by June 30 this year from Rs1.614tr a year earlier. “Due to the budget deduction of Rs98bn, the circular debt witnessed an increase of Rs61bn” during FY2025-26, the power division said in a statement. It did not release the end-year financial report, which is pending regulatory and statutory approval. As such, the power sector circular debt, excluding K-Electric, concluded the fiscal year at Rs1.675tr. Under the International Monetary Fund programme, the government has committed to no increase in circular debt flow and a gradual…

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