The federal cabinet would be starting on Tuesday the process for appointment of regular/fulltime chief executive officers (CEOs) of power distribution companies (Discos) and approve selection of managing directors of two gas utilities. PPI/File
ISLAMABAD: After more than two years in office, the federal cabinet would be starting on Tuesday the process for appointment of regular/fulltime chief executive officers (CEOs) of power distribution companies (Discos) and approve selection of managing directors of two gas utilities.
This comes on the heels of over Rs2.3 trillion circular debt in the power sector as of Sept 30, 2020, and about Rs350bn circular debt in the gas utilities Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) up from Rs1.2tr and about Rs120bn in 2018, respectively.