Circular debt declines by Rs189bn during 10MFY21: Asad Umar

By MG News | May 25, 2021 at 10:13 AM GMT+05:00

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May 25, 2021 (MLN): Pakistan’s circular debt build-up during July-April this fiscal year is Rs 260 billion against Rs 449 billion reported same period last year, showing a reduction of Rs 189 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 Rs 100 billion less than the circular debt build in last year of the previous govt.’

This improvement in energy sector performance and slow down 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.

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