ISLAMABAD: Pakistan’s circular debt build-up during July-April this fiscal year is Rs260 billion against Rs449 billion reported same period last year, showing a reduction of Rs189 billion.
Making an announcement on his social media account, Asad Umar, Minister for Planning, Development & Special Initiatives said, ‘The full-year circular debt build-up this year is expected to be more than Rs100 billion less than the circular debt build in last year of the previous govt.’
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This improvement in energy sector performance and slowdown in the build-up of circular debt has been the result of sustained hard work, analytical data-based decision making and willingness to break the nexus between decision-makers and powerful elite, he added.
