ISLAMABAD: Minister for Planning, Development and Special Initiatives AsadUmar on Tuesday said the circular debt build up in energy sector haddeclined by Rs 189 billion during first 10 months (July-April) of currentfiscal year as compared to same period of last year.

“Circular debt build up in Jul-Apr this fiscal year is Rs 260 billioncompared to Rs 449 billion same period last year-a reduction of Rs 189billion”, he said in his tweet.

He added that the full year circular debt build up this year was expectedto be more than Rs 100 billion less than the circular debt build up in lastyear of the PML-N government.

“This huge improvement in the circular debt build as compared to last yearof PML-N government has been achieved despite massive increase in capacitypayments caused by decisions committed by the PML-N government.”

Asad Umar said Prime Minister Imran Khan government was improvingperformance and clearing mess inherited from PML-N in every sector.

“This improvement in energy sector performance and slow down in build up ofcircular debt has been the result of sustained hard work, analytical databased decision making and willingness to break the nexus between decisionmakers and powerful elite,” he added.