World Bank expressed concern over Pakistan's increasing circular rate

15, October , 2024

News Today: The World Bank has expressed concerns over the increase in the circular rate of Pakistan's power sector.The World Bank says that during the last 6 years, the revolving credit of Pakistan's power sector increased by 1241 billion rupees.

According to the World Bank, the revolving debt of Pakistan's power sector was Rs 1,152 billion in fiscal year 2018, which increased to Rs 2,393 billion in fiscal year 2024.

The World Bank has cited other reasons for the increase in the revolving credit of Pakistan's power sector, including the inefficiency of power distribution companies, deficits in the power sector, expensive power generation, power distribution and transmission losses, and power bills. Non-receipts included. .