MoF welcomes resolution of Rs1.225trn CD issue

The Finance Ministry termed the Rs. 1,225 billion power sector circular debt resolution a decisive step towards fiscal discipline, investors’ confidence through collective effort to address one of the most chronic challenges of Pakistan’s energy sector. The ministry issued an official statement on Thursday, welcoming the successful resolution of Rs. 1,225 billion power sector circular debt, achieved through a historic joint effort led by the Prime Minister’s Task Force on Power in coordination with the Ministry of Energy, the State Bank of Pakistan, the Pakistan Banks Association, and 18 partner banks. This landmark restructuring represents a major breakthrough in addressing one of the most chronic challenges of Pakistan’s energy sector. This achievement reflects the strength of teamwork across institutions united to address one of the most chronic challenges of Pakistan’s energy sector.