correct Answer ( C )

Circular debt is a significant and persistent challenge in pakistan’s electricity network . It refers to the unpaid dues owed by various entities within the power sector , creating a cascading effect of financial instability and operational inefficiencies . The circular debt affects the ability of power generation companies to receive timely payments, which then leads to a lack of investment in infrastructure upgrades and maintenance and ultimately unreliable power supply for consumers . Resolving the circular debt requires coordinated action across multiple stakeholders to improve billing efficiency,