Federal, provincial governments owe power companies Rs1095b
The federal and the provincial governments are the main defaulters of the power distribution companies, the 24NewsHD channel reported Tuesday.
According to details, the federal and provincial governments are defaulters of Rs1095billion to the power distribution companies by January 31.
The government of the Azad Jammu and Kashmir is the biggest defaulter as it has to pay about Rs1030.66billion to the power distribution companies.
Balochistan comes next as it is defaulter of about Rs19.851billion
The federal government is third as it is yet to pay Rs18.11billion in electricity arrears.
Fourth comes Sindh government with electricity bill arrears of Rs17.63billion while Punjab has also to pay Rs6.13billion to the power distribution companies.
Khyber Pakhtunkhwa government is the defaulter of Rs2.44billion.
It has been earlier reported that there is an increase in the circular debt of the country at an alarming pace as it has reached a new high of Rs2253billion. The circular debt is increasing at an alarming pace of Rs50billion per month and if it continues the same trend, the circular debt of the country will be doubled in the next five years.