Top Qs
Timeline
Chat
Perspective

Circular debt

Power Companies Public Debt in Pakistan From Wikipedia, the free encyclopedia

Remove ads

In Pakistan, circular debt is a public debt which is a cascade of unpaid government subsidies,[1] which results in accumulation of debt on distribution companies. When this happens, the distribution companies cannot pay independent power producers who in turn, are unable to pay fuel-providing companies thus creating the debt effect as seen in the country.[2]

As of July 2024, the total circular debt of Pakistan was Rs. 5,730 billion.[3]

Remove ads

References

Loading content...
Loading related searches...

Wikiwand - on

Seamless Wikipedia browsing. On steroids.

Remove ads