In a recent statement, the Power Division has strongly contested the findings of the National Electric Power Regulatory Authority (Nepra) report on Pakistan's power sector for FY 2024-25, claiming it overlooks significant improvements. The Power Division highlighted a reduction in circular debt from Rs 2.393 trillion in FY 2024 to Rs 1.614 trillion in FY 2025, attributing this decline to enhanced performance by distribution companies and favorable macroeconomic conditions. They reported an increase in recovery rates from 92.4% to 96.6%, alongside a reduction in the financial impact of under-recoveries from Rs 315 billion to Rs 132 billion, marking a 42% decrease. Additionally, transmission and distribution losses fell from 18.3% to 17.6%, resulting in estimated savings of Rs 11 billion.
BUSINESS
Power Division Defends Circular Debt Reduction Amid Nepra Criticism
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The Power Division disputes Nepra's FY 2024-25 report, citing reduced circular debt and improved recovery rates, while highlighting ongoing challenges like power theft and safety issues in Pakistan...
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