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PEW asked Govt to resolve circular debt
April 30, 2012
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ISLAMABAD – The Pakistan Economy Watch (PEW) asked the government to settle the inter-corporate debt of power industry.

PEW highlighted that the circular debt is threatening the global image and economical endurance of the country. The non availability of liquid assets has affected the economic growth, reduced the exports, decreased the collections, tripped the unemployment and postponed further investment in the power sector. Dr. Murtaza Mughal, President PEW, the circular debt is also restraining funding in Thar which is one of the key energy resources. He said the government is not taking precautionary measures for resolve the matter. He said the electricity failure has cut back the economic growth and the employment has further supplemented the decline of economy. He said the responsible bodies are the federal and provincial governments.

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