AGL 40.18 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.48 Increased By ▲ 0.44 (0.35%)
BOP 6.62 Decreased By ▼ -0.05 (-0.75%)
CNERGY 4.50 Decreased By ▼ -0.01 (-0.22%)
DCL 8.59 Increased By ▲ 0.04 (0.47%)
DFML 41.95 Increased By ▲ 0.51 (1.23%)
DGKC 87.60 Increased By ▲ 0.75 (0.86%)
FCCL 32.65 Increased By ▲ 0.37 (1.15%)
FFBL 65.21 Increased By ▲ 0.41 (0.63%)
FFL 10.32 Increased By ▲ 0.07 (0.68%)
HUBC 109.49 Decreased By ▼ -0.08 (-0.07%)
HUMNL 14.65 Decreased By ▼ -0.03 (-0.2%)
KEL 5.13 Increased By ▲ 0.08 (1.58%)
KOSM 7.54 Increased By ▲ 0.08 (1.07%)
MLCF 41.78 Increased By ▲ 0.40 (0.97%)
NBP 59.90 Decreased By ▼ -0.51 (-0.84%)
OGDC 193.95 Increased By ▲ 3.85 (2.03%)
PAEL 28.24 Increased By ▲ 0.41 (1.47%)
PIBTL 7.84 Increased By ▲ 0.01 (0.13%)
PPL 151.76 Increased By ▲ 1.70 (1.13%)
PRL 26.60 Decreased By ▼ -0.28 (-1.04%)
PTC 16.12 Increased By ▲ 0.05 (0.31%)
SEARL 84.70 Decreased By ▼ -1.30 (-1.51%)
TELE 7.65 Decreased By ▼ -0.06 (-0.78%)
TOMCL 35.45 Increased By ▲ 0.04 (0.11%)
TPLP 8.15 Increased By ▲ 0.03 (0.37%)
TREET 16.09 Decreased By ▼ -0.32 (-1.95%)
TRG 52.80 Decreased By ▼ -0.49 (-0.92%)
UNITY 26.40 Increased By ▲ 0.24 (0.92%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,957 Increased By 73.1 (0.74%)
BR30 30,925 Increased By 325.2 (1.06%)
KSE100 93,862 Increased By 506.4 (0.54%)
KSE30 29,087 Increased By 156.3 (0.54%)

ISLAMABAD: The Cabinet Committee on Energy (CCoE) Monday approved the summary presented by the Power Division to ensure effective management of circular debt.

The CCoE which met here with Federal Minister for Planning, Development, and Special Initiatives Asad Umar in the chair, discussed the summary of comprehensive Circular Debt Management Plan (CDMP) 2021 which covers the three year period from Financial Year 2020-21 to 2022-23, which describes the mechanism and initiative to address the issue and suggests an action plan to control the flow of circular debt with a monitoring matrix.

The committee also discussed the need for fast-tracking action for implementation of Renewable Energy Policy approved by the government. The committee directed the Ministry of Energy to expedite the auction process of renewable energy projects to ensure greater use of renewable energy resources.

The meeting was attended by Energy Minister Omar Ayub Khan, Minister for Finance Dr Abdul Hafeez Sheikh, special assistant to the prime minister on petroleum at petroleum division Nadeem Babar, special assistant to the prime minister on power revenue and official of various ministries/divisions.

Copyright Business Recorder, 2021

Comments

Comments are closed.