ISLAMABAD: Senator Faisal Javed said on Wednesday said the PakistanTehreek-e-Insaf (PTI) government would bring down the circular debt to zeroby December 2020.
Talking to the media here outside the Parliament House, he said thegovernment had significantly reduced the current account deficit anddetermined to reduce it more in the next year.
He said it would take some time to clear 30 years old mess as presently thecountry’s earnings were less than its spendings.
The government had undertaken reforms in the system, which would take sometime to bear fruit, he added.
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Senator Faisal Javed said the prices of commodities hiked by 21 percentduring the Pakistan Peoples Party (PPP) government, which were furtherrisen by 8.4 percent during the Pakistan Muslim League-N regime and upto 7percent present government.
He said the economy would be much better in 2020 because the balance ofincome and expenditure would be improved.
