In the first installment of latest circular debt clearance, the government has settled 40% of the overdue receivables of Rs 200 billion for listed independent power producers (IPPs) while the remainder receivables are expected to be settled by Dec’21. Shahrukh Saleem, a senior analyst at AKD Securities Ltd informed that 40% settlement of dues is […]
Pakistan Investment Bonds
Federal cabinet approves 1st installment of payment for IPPs
After a delay of three months since the payments to the Independent power producers (IPPs) became due as per August 2020 MoUs, the federal cabinet on Wednesday finally accorded approval to the clearance of first installment to the IPPs. The government is due to clear these receivables till June 7, 2021. The 40 […]