SIFC directs to seek IMF approval for settlement of circular debt 

Minister for Power has revealed alarming figures regarding the power sector’s circular debt, which has surged to Rs 2.55 trillion during the first six months of FY 2023-24. 

This represents a 10.5% growth in flow per month, adding Rs 40 billion in total circular debt every month. 

Amidst mounting concerns over circular debt, an arm of the Special Investment Facilitation Council (SIFC)…