Circular debt stock reaches Rs2.31tr as of June

13:40
September 19, 2023

September 19, 2023 (MLN): The circular debt stock has increased to Rs2.31 trillion as of June 2023, depicting an increase of Rs57bn or around 2.5% YoY as compared to June 2022, the latest circular debt report issued by the Ministry of Energy showed today.

While on a sequential basis, circular debt showed a decrease of Rs336bn MoM when compared to May’s Rs2.65tr.

Payable to power producers increased by Rs5bn due to withdrawal by FBR in April 23.

This includes the release of Rs21bn in respect of the previous year zero rated outstanding claims.

Moreover, Rs346bn is receivable from KE as of June 2023 pending due to a subsidy dispute between K-Electirc and the government.

The total liability increased by Rs220bn as of June 2023, out of which the government paid Rs162bn through fiscal space, leaving a balance of Rs57bn as circular debt.

Circular Debt Details as of (PKR Billion)	Jun-23	Jun-22	YoY Change	YoY %
Payable to Power Producers	1,434	1,351	83	6.14%
GENCOs' payable to fuel suppliers	111	101	10	9.90%
Amount Parked in PHL	765	800	(35)	-4.38%
Total	2,310	2,253	57	2.53%

Break-up of Increase / (decrease)
Budgeted but unreleased subsidies	0	(12)	12	–
Unclaimed subsidies	(70)	(133)	63	-47.37%
IPPs Interest Charges on delayed payments	100	105	(5)	-4.76%
PHL Markup paid out of IPPs' claims	43	29	14	48.28%
Pending Generation Cost (QTAs+FCA)	250	414	(164)	-39.61%
Non Payment by K-Electric	(53)	107	(160)	-149.53%
DISCO Losses Inefficiency	160	133	27	20.30%
DISCO Under recoveries	236	180	56	31.11%
Other Adjustments (Prior Year Recovery, etc)	(447)	(285)	(162)	56.84%
Sub-total (a)	220	536	(316)	-58.96%

Payment through Fiscal Space
PHL Principal Repayments	(35)	(130)	95	-73.08%
PHL unpaid markup	0	0	0	–
Stock Payments	(127)	(434)	307	-70.74%
Sub-total (b)	(162)	(564)	402	-71.28%

Total (a+b) PKR Billion	57	(27)

Copyright Mettis Link News

Posted on: 2023-09-19T13:22:23+05:00

FOREX

EQUITY

COMMODITIES

FOREX

PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.15000	278.35000	278.35000	278.15000	12:40 PM
2	EUR	1.07321	1.07324	1.07324	1.07321	03:42 AM
3	GBP	1.25467	1.25476	1.25476	1.25467	03:42 AM
4	CHF	0.90770	0.90810	0.90810	0.90770	03:42 AM
5	JPY	153.20700	153.21500	153.21500	153.20700	03:42 AM
6	CAD	1.36709	1.36715	1.36715	1.36709	03:42 AM
7	AUD	0.65743	0.65749	0.65749	0.65743	03:42 AM
8	INR	83.42570	83.43160	83.43160	83.42570	03:42 AM
9	SAR	3.75050	3.75070	3.75070	3.75050	12:42 PM
10	AED	3.67240	3.67340	3.67340	3.67240	12:41 PM
11	HKD	7.81657	7.81679	7.81679	7.81657	03:42 AM
12	CNH	7.20139	7.20153	7.20153	7.20139	03:42 AM
13	CNY	7.24010	7.24210	7.24210	7.24010	08:21 PM
14	THB	36.80700	36.82400	36.82400	36.80700	03:42 AM
15	MYR	4.73650	4.74150	4.74150	4.73650	03:17 AM
16	IDR	16,083.10000	16,088.50000	16,088.50000	16,083.10000	03:42 AM
17	SGD	1.35315	1.35324	1.35324	1.35315	03:42 AM
18	NZD	0.59697	0.59702	0.59702	0.59697	03:42 AM
19	MXN	16.96160	16.96670	16.96665	16.96165	03:42 AM
20	TRY	32.37730	32.38730	32.38730	32.37730	03:42 AM
21	SEK	10.85560	10.85810	10.85812	10.85562	03:42 AM
22	ZAR	18.56170	18.56930	18.56927	18.56169	03:42 AM
23	NOK	10.96900	10.97120	10.97117	10.96900	03:42 AM
24	DKK	6.94945	6.94995	6.94995	6.94945	03:42 AM
25	ARS	877.83200	877.84200	877.84170	877.83170	03:42 AM
26	BDT	107.79500	111.15000	111.14994	107.79531	09:00 PM
27	BHD	0.37703	0.37714	0.37714	0.37703	12:42 PM
28	BRL	5.10940	5.11320	5.11320	5.10940	03:40 AM
29	KRW	1,362.76000	1,363.10000	1,363.10000	1,362.76000	03:42 AM
30	KWD	0.30736	0.30792	0.30792	0.30736	12:42 PM
31	LKR	293.08500	299.60800	299.60816	293.08521	09:00 PM
32	OMR	0.38493	0.38501	0.38501	0.38493	12:42 PM
33	QAR	3.64500	3.64700	3.64700	3.64500	12:42 PM
34	RUB	92.49000	93.76000	93.76000	92.49000	09:40 PM
35	AFN	71.36230	73.22610	73.22608	71.36234	09:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	05:26 AM
37	TMT	3.36000	3.66000	3.66000	3.36000	08:00 PM
38	MVR	14.76000	14.93000	14.93000	14.76000	08:00 PM
39	UZS	12,650.00000	12,725.00000	12,725.00000	12,650.00000	10:04 PM
40	PHP	57.37300	57.39900	57.39900	57.37300	03:42 AM
42	NGN	1,372.45000	1,373.45000	1,373.45000	1,372.45000	10:12 PM
43	KES	133.75000	135.75000	135.75000	133.75000	03:39 AM
44	AMD	359.03800	414.94900	414.94859	359.03815	09:00 PM
45	TWD	32.35700	32.36200	32.36200	32.35700	03:42 AM
46	XAU	2,299.93000	2,300.19000	2,300.19000	2,299.93000	03:42 AM
47	XAG	26.54410	26.55180	26.55180	26.54410	03:42 AM
48	XPT	956.30000	961.30000	961.30000	956.30000	12:42 PM
49	XPD	926.40000	936.40000	936.40000	926.40000	12:42 PM
2,120	VES	36.41860	36.51000	36.50996	36.41856	08:00 PM
2,212	UGX	3,747.86000	3,831.73000	3,831.72824	3,747.86259	09:00 PM
2,213	TZS	2,594.99000	2,595.01000	2,595.01500	2,594.98500	03:26 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	Direction	DateTime
KSE100	71,538.11	71,505.302	70,671.72	847.661	1.200	111,325,995.0	6,892,566,832.520	1	03/05/2024 11:58 AM
ALLSHR	46,727.09	46,696.299	46,190.08	545.984	1.183	224,940,651.0	11,290,117,406.820	1	03/05/2024 11:58 AM
KSE30	23,456.85	23,443.833	23,138.86	209.752	0.903	52,987,736.0	5,318,209,737.920	-1	03/05/2024 11:58 AM
KMI30	120,546.76	120,465.284	118,979.86	1,705.497	1.436	59,778,878.0	4,832,075,665.390	-1	03/05/2024 11:58 AM
KMIALLSHR	33,559.75	33,533.303	33,120.57	484.020	1.465	144,203,868.0	8,868,473,243.470	1	03/05/2024 11:58 AM
BKTi	17,575.56	17,539.660	17,220.14	-13.850	-0.079	9,554,072.0	762,693,806.010	1	03/05/2024 11:58 AM
OGTi	17,110.17	17,079.305	16,771.31	318.007	1.897	14,297,455.0	1,912,222,806.490	-1	03/05/2024 11:58 AM

Data is delayed by 20 minutes

COMMODITIES

Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	59,830.0	60,535.0	59,305.0	65.00
BRENT CRUDE	EB	84.1	84.2	83.8	0.38
RICHARDS BAY COAL MONTHLY	EF	101.9	0.0	0.0	-3.70
ROTTERDAM COAL MONTHLY	ET	108.0	108.0	108.0	0.10
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	79.3	79.4	79.0	0.35
SUGAR #11 WORLD	SB	19.2	19.3	19.2	-0.03

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