The power sector’s receivables increased by a staggering Rs92.24 billion to Rs503.257bn from Rs411.013bn during the first nine months of the current fiscal year. The amount works out to be Rs9bn per month or Rs300m a day.
Interestingly, the Ministry of Water and Power which runs the power sector is also a defaulter of Rs1.458bn.
According to figures released by the Pakistan Electric Power Company (Pepco), the ministry’s dues, which stood at Rs1.099bn in June last year, increased to Rs1.45bn in March.
