PKR 30 bn released to power sector and OMCs – Alfalah Securities Limited

Karachi: The Ministry of Finance (MoF) has released PKR 30 bn to the Power sector and Oil & Marketing Companies (OMCs), in order to partially ease up their circular debt issues and improve oil and power supply. According to Alfalah Securities Limited, a meeting of the Cabinet, the Pakistan State Oil (PSO) facing intense financial constraints was released PKR 15 bn , while another PKR 15 bn were released to the Independent Power Plants (IPPs) to keep their plant in operation.

Leave a Reply