Islamabad (March 02, 2018): The Country’s Finance Ministry, to contribute in pay off the country’s soaring circular debt, has released Rs53 billion to the Power Division.
According to sources in the division, the funds have been released to pay off fuel and electricity payments related to the Pakistan State Oil and Independent Power Producers.
When the present Pakistan Muslim League-Nawaz government came to power in 2013, it had made a one-time payment of Rs480 billion to settle the circular debt.
However, the amount has again reached a staggering Rs541 billion, according to official figures.
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