The energy ministry on Friday informed the National Assembly in a written response that circular debt has declined “thanks to the government’s efforts”.

The ministry, in its response to the House’s request for details on circular debt, wrote that it had fallen by Rs9bn during the first six months of the current fiscal year.

“By June 2024, circular debt stood at Rs2,393bn,” the energy ministry said. “By December, it had reduced to Rs2,384bn. Due to the government’s efforts, there has been a significant reduction in circular debt.”

The energy ministry added that the recovery of power distribution companies (Discos) has improved.

In addition to the reduced debt, the........

© Dawn Business