- Home
- Pakistan
- News
- Rs. 325 bln reduction in circular debt targetted for next two years to benefit electricity consumers ..
Rs. 325 Bln Reduction In Circular Debt Targetted For Next Two Years To Benefit Electricity Consumers, Prime Minister Told
Mohammad Ali (@ChaudhryMAli88) Published March 12, 2021 | 09:11 PM
Prime Minister Imran Khan was told on Friday that electricity consumers would benefit from reduction of around Rs 325 billion in the circular debt due to the target set for next two years to check power sector losses and improve receipts
ISLAMABAD, (UrduPoint / Pakistan Point News - 12th Mar, 2021 ) :Prime Minister Imran Khan was told on Friday that electricity consumers would benefit from reduction of around Rs 325 billion in the circular debt due to the target set for next two years to check power sector losses and improve receipts.
He was presiding over a meeting regarding electricity prices, with special focus on the reduction of circular debt.
Federal ministers Makhdoom Khusro Bakhtiar, Dr Abdul Hafeez Sheikh, Muhammad Hammad Azhar, Syed Fakhar Imam, Umar Ayub and Asad Umar, special assistants Nadeem Babar, Dr Waqar Masood and Tabish Gohar, former finance minister Shaukat Tareen, Federal secretaries and other senior officers were in attendance.
The prime minister was briefed about the proposed strategy to check electricity prices as well as reducing the circular debt.
The meeting was told that as a result of the present government's efforts, decreasing trend in technical and non-technical losses was witnessed and improvement in the receipts of electricity bills was also recorded.
It was further told that a strategy had also been formulated to further check transmission and distribution losses.
The prime minister, in his remarks on the occasion, said as the previous governments, besides establishing most expensive power projects, also neglected the aspect of curbing transmission and distribution losses as well as improving flaws in the system, and its burden was being faced by people.
The people were facing difficulties due to the mistakes committed in the past by the previous governments, he remarked.
About the proposed strategy for bringing about improvement in the power sector, the prime minister directed to clearly determine the responsibilities of all relevant ministries for realization of the set targets and timely implementation of the measures.
Related Topics
Recent Stories
Govt reduces petrol price by Rs5.45 per litre
Pakistan’s Ambassador to UAE meets Ruler of Ras Al Khaimah
Statement of Engro Corporation - LNG Case Decision
Wasim Akram touches fans’ hearts by new look
Empowering women for employment is the need of hour, says Sadaffe Abid
Global study reveals Pakistan’s inadequate measures against Tobacco Industry
Co-Working Center launched in Okara under PITB’s e-Earn program
BHC judges recommend legal action over agencies interference into judicial matte ..
Third Women T20I: Pakistan to face West Indies today
Mahira Khan delights at Arijit Singh’s concert in Dubai
Dubai Customs Celebrates World Intellectual Property Day, Honors Schools and Uni ..
Vivo Reveals Durefishan Saleem as Brand Ambassador for its Upcoming Y100 Smartph ..
More Stories From Pakistan
-
Five maunds meat of dead animals seized
6 hours ago -
China boosts 6G progress by accelerating R&D for key technologies
6 hours ago -
US State deptt delegation meets Acting FS
6 hours ago -
PM reiterates commitment to labourers' welfare
6 hours ago -
Three children burnt to death, two injured in fire incident
6 hours ago -
Gusty winds/windstorm likely in southern parts of country: PMD
6 hours ago
-
President Zardari pledges commitment to upholding labourers’ dignity
6 hours ago -
Court reserves ruling on Asad Umar's bail request in May 9 case
7 hours ago -
ECP dismisses false declaration petition against KP CM Gandapur
7 hours ago -
Marwat gets exemption from appearance in attack case
7 hours ago -
ECP seeks PTI chairman's response about objections on intra-party polls
7 hours ago -
5 children drown, one dies after falling in KB Feeder Canal
7 hours ago