CCoE Discussed Plans on Minimizing the Circular Debt

CCoE discusses the latest circular debt situation, its projections and discussed management plans to minimize this rise in the debt.

Asad Umar – the Federal Minister for Planning, Development, and Special Initiatives – chaired a meeting of the Cabinet Committee on Energy (CCoE) to discuss the updated circular debt situation.

In the meeting, the Power Division presented the latest circular debt situation, the projections and discussed management plans on minimizing the debt.

The CCoE also discussed the proposal presented by the Ministry of Information Technology and Telecommunication regarding the Electricity-Meter-less Smart Metering System. The CCoE advised the Power Division and M/o IT & Telecom. to hold further considerations on the recommended design and present a joint proposal to the CCoE.

The source further added that the Petroleum Division suggested setting up the committee for streamlining the process for Industrial gas connections in Balochistan Province. CCoE has approved the offer and guided that its proposals must be submitted to CCoE within one month.

Prominent meeting members included Advisor to Prime Minister on Finance Abdul Hafeez Sheikh, SAPM on Petroleum Nadeem Babar, Abdul Razak Dawood Advisor to the Prime Minister on Commerce, Textile, Industries, and Investment, including other officials from various divisions.

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