Rs30 bn released to power sector and OMCs

Karachi: The Ministry of Finance (MoF) has released RS 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 Rs15 bn, while another Rs15 bn were released to the Independent Power Plants (IPPs) to keep their plant in operation.

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