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FPCCI challenges Power Division’s circular debt claims
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FPCCI challenges Power Division’s circular debt claims
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has disputed the Power Division’s latest circular debt report, arguing that the figures reflect accounting maneuvers rather than genuine improvements in the power sector’s efficiency. The apex trade body said the government is shifting liabilities off balance sheets, particularly in the case of rising payables to K-Electric, while injecting taxpayer money to slow the…
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