Centre claims K-Electric owes it Rs225bn

The federal government has claimed over Rs225 billion in receivables from K-Electric, that also include an overwhelming Rs186.5bn as mark up on a principal liability of Rs38.8bn. The power division, in its monthly report, put the power sector’s circular debt at Rs2.381 trillion as of end-Nov 2024. The debt stood at Rs2.678tr in Nov 2023 — a reduction of around 11pc. The monthly circular debt report was released after a gap of more than six months. The report claimed that all three heads in the circular debt — payables to power producers, payables to fuel suppliers and debt parked in Power Holding (Pvt) Ltd — declined during the first five months (July-November) of the current fiscal year, compared to the same period last year. its loss related inefficiencies deteriorated by a massive 35pc. The power division said the overall circular debt in the power sector went down by Rs12 during the first five months (July-November) of the current year. compared to about Rs368bn increase in July-November period of 2023.