Power sector circular debt

13 Feb, 2018

Marked improvement in electricity generation and transmission has found its strong reflection in country's export statistics. According to State Bank of Pakistan's 1st quarterly report 2017-18, the double-digit growth in exports took place on the back of strong performances of rice, value-added textile, and petroleum, and was well supported by machinery, chemicals, pharmaceuticals, and medical and surgical instruments. While the prices exhibited a mixed trend, positive quantum played a more dominant role in raising the export revenues in general. There is no doubt about the fact that availability of electricity has played a major role in rising exports.
That power sector brooks no complacency is also a fact. The government is therefore required to pay full attention to the rising stock of power sector circular debt without any further loss of time.

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