Ishaq Dar directs to finalize action plan for early settlement of circular debt

January 21, 2023 (MLN): Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Saturday directed the relevant committee to finalize the action plan for early settlement of circular debt in the gas sector, said a press release issued by Finance Division.

While chairing a meeting on reforms in Energy Sector, he emphasized the priority of the government to address the issues of the energy sector including circular debt to bring financial sustainability to the sector and economic growth to the country.

Mr. Ashfaq Yousuf Tola, Convenor of the committee for the settlement of the circular debt in the gas sector apprised the chair of the quantum of the circular debt in the gas sector and modalities and framework to introduce reforms in the energy sector to offset the burden of circular debt in the gas sector, the statement added.

The meeting discussed viable proposals focused on bringing sustainability to the energy sector to achieve economic growth in the country.

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