Minister says time of essence to reduce circular debt Business April 17, 2021 ISLAMABAD: The unaffordable cost of electricity generation, circular debt build-up and leakages in the transmission system made the power sector financially challenging, finance minister said on Friday. The newly-appointed energy minister Hammad Azhar directed the officials to follow a structured approach for timely completion of envisaged reforms. “Time is of essence for reduction in circular debt, upgradation in transmission and distribution infrastructure and improved service delivery in the power sector,” Azhar told a meeting to review progress on reforms in the power sector. “Facilitating the common man is the top priority for the government.”