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LAHORE: As the petroleum sector circular debt stands at a whopping Rs1.6 trillion or 3.35 percent of GDP, the government has another plan to create fiscal breathing space for the entities gasping. ....
Country heading towards inclusive & sustainable growth: Shaukat Tarin dnd.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dnd.com.pk Daily Mail and Mail on Sunday newspapers.
Govt to buy out 11 IPPs to avoid Rs450b capacity payments Top Story April 28, 2021 ISLAMABAD: The federal cabinet Tuesday decided to buy out 11 IPPs based on furnace oil (FO) at discounted value of Rs150-200 billion to avert payments of their capacity charges of Rs450 billion that it is bound pay in remaining seven years of their contracts. This is how the government can tackle the issue of capacity payment charges an important component of Circular Debt to some extent. The outstanding amount the government is to pay to all IPPs in the head of capacity payments for the current year stand at Rs900 billion which will increase to Rs1500 billion in 2023. ....
Govt to buy out 11 IPPs to avoid Rs450 bn capacity payments Top Story April 28, 2021 ISLAMABAD: The federal cabinet Tuesday decided to buy out 11 IPPs based on furnace oil (FO) at discounted value of Rs150-200 billion to avert payments of their capacity charges of Rs450 billion that it is bound pay in remaining seven years of their contracts. This is how the government can tackle the issue of capacity payment charges an important component of Circular Debt to some extent. The outstanding amount the government is to pay to all IPPs in the head of capacity payments for the current year stand at Rs900 billion which will increase to Rs1500 billion in 2023. ....