ISLAMABAD – Special Assistant to the Prime Minister on Petroleum, NadeemBabar Thursday said Pakistan Tehreek-e-Insaf (PTI), government had reducedmonthly circular debt to a single digit due to effective policies.
Talking to a private news channel, he said the monthly circular debt stoodat Rs 38 billion when PTI government came into power in 2018, which had nowbeen reduced to a single digit.
The total circular debt, reported in August 2018, amounted to Rs 453billion and after taking charge, the present government decided to reducethis circular debt to Rs 325 billion till June 2019.
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He said that circular debt of power sector was Rs 156 billion and thegovernment had received Rs 136 billion as recovery. He added thatgovernment had decided to decrease monthly circular debt to zero byDecember 2020.
