Pakistan, Jan. 27 -- The Ministry of Energy (Power Division) on Monday rejected media reports claiming that the circular debt flow increased by Rs224 billion during the period from Jul-Nov 25, despite the bank refinancing agreement signed in September 2025, declaring it as "misleading, devoid of factual data linking, up-to-date data and without seeking the Power Division version".

In a statement, the spokesperson of PD said that it is imperative to note that the circular debt stock on June 30th 2025, cannot be compared with its stock at the end of November 2025, which is only three months.

"Furthermore, the storyis totally on a wrong footing, attributing and connecting the circular debt variation with banks' agreement, which was primari...