Minister for Power Omar Ayub Khan says due to concerted efforts of the government, the circular debt has shown considerable reduction in its growth.
He was talking to IMF delegation headed by mission chief Ernesto Ramirez Rigo in Islamabad on Friday.
The Federal Minister also informed the delegation regarding historic achievements by the Power Division in record recoveries and reduction in line losses.
Omar Ayub Khan also informed the delegation on the technical and system improvement measures undertaken by the Power Division in the Power Sector.
He further informed the delegation that 80 percent of the total feeders in the country are now load management free.
He also informed the delegation about the new Renewable Energy Policy whereby the Government is targeting to increase share of indigenous resources and cutting down the prices of the electricity for the consumers besides reducing dependency on imported fuels.
Ernesto Ramirez appreciated the efforts by the Power Division in meeting its targets. He also appreciated the efforts of Power Division in formulating the new Renewable Energy Policy.