Pro IQRA News Updates.
Federal Energy Minister Khurram Dastgir has admitted that by December 2022, the burden of revolving debt has reached 2536 billion rupees.
During question time in the National Assembly, the figures related to revolving credits were presented by the Ministry of Energy in the National Assembly.
In this regard, Khurram Dastgir said that the power line losses reached 113 billion rupees.
Pakistan’s foreign debt reached $136 billion
Feeders with high losses will be privatized while the government plans to legislate against electricity theft.
Khurram Dastgir said that electricity theft will be made a punishable offence, circular debt is a multi-faceted problem, on the other hand, the parliamentary secretary confirmed that the proposal for privatization of high loss feeders has not been finalised, the proposals related to privatization of feeders have not been finalised. After approval, the privatization process will formally begin.