Addressing the persistent issue of circular debt, Caretaker Prime Minister Anwaar-ul-Haq Kakar has demanded swift and decisive action from the Ministry of Energy.
In a meeting held in Islamabad this Wednesday, the Prime Minister stressed the urgent need for an effective, long-term strategy to manage and reduce the spiraling debt in the energy sector.
Emphasizing the importance of teamwork, PM Kakar called for concerted efforts from all involved parties to tackle this financial hurdle. He assured that the government is proactively working to reduce the circular debt as a top priority, aiming to restore the country’s economic health.
A key highlight of the meeting was the discussion on the positive outcomes of the anti-power theft campaign, which has significantly increased revenue collection for power distribution companies, a vital step towards debt reduction.
Participants at the meeting were briefed in detail about the current state of circular debt, particularly in the petroleum and energy sectors. The meeting also served as a platform for various stakeholders to present suggestions on how to effectively reduce the debt burden plaguing different companies in these sectors.
With this initiative, Caretaker PM Kakar has underscored the government’s commitment to addressing the circular debt crisis, a move seen as crucial for the nation’s economic recovery and stability.
