Awais Khan Leghari
Awais Khan Leghari serves as Pakistan's Power Minister and has been actively involved in addressing the country's pervasive circular debt in the energy sector. His recent efforts include a landmark Rs1.225 trillion financing deal aimed at settling unpaid dues to power producers and restructuring older loans, which has garnered attention as a critical step towards fiscal stability and reform within the power industry. Leghari's initiatives are viewed as essential in mitigating the long-standing challenges of unpaid financial obligations that have plagued Pakistan's energy supply chain.
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According to power minister Awais Khan Leghari, circular debt was reduced from Rs2.393tr last fiscal year by creating Rs780bn in fiscal space.
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