Rs930b Islamic funds curb debt
CPPA-G seeks regulator's nod to file multi-year tariff petition next year
The federal government has managed to execute an Islamic financing transaction of Rs930 billion to reduce the growing circular debt in the power sector. At a public hearing held on Tuesday, the officials of Central Power Purchasing Agency-Guarantee (CPPA-G) made the revelation about the Shariah-compliant financing to curb the debt. CPPA-G requested the power-sector regulator – the National Electric Power Regulatory...