Tag Archives: circular debt

circular debt IMF International Moneotry Fund International Monetary Fund population

‘Govt managed to reduce circular debt from 38 to 10 billion rupees’

12 December, 2019 7:58 pm 7:58 pm

ISLAMABAD (92 News) – The International Monetary Fund (IMF) has hailed the improvements in Pakistan’s economy as the government managed to reduce circular debt from 38 to 10 billion rupees in July this year. According to the Finance Ministry, the IMF stated that Pakistan’s reform program is on track and already producing results. In its … Read More

circular debt power minster Omar Ayub 2020 electricity loadshedding

Circular debt to be eliminated till 2020: power minister

05 May, 2019 4:51 pm 4:51 pm

ISLAMABAD (92 News) – Minister for Power, Petroleum and Natural Resources Omar Ayub Khan said on Friday that the circular debt would be eliminated till 2020. Addressing a press conference, the minister lamented the incumbent government inherited a Rs650 billion circular debt from the previous government. He said the government has been taking measures to … Read More

Asad Umar, mini budget, Jan 23, PTI, PML-N, PPP, circular debt

Government will present a mini budget on Jan 23: Asad Umar

01 January, 2019 1:10 pm 1:10 pm

ISLAMABAD (92 News) – Finance Minister Asad Umar has announced that the government will present a mini budget on January 23. Addressing the Karachi Chamber of Commerce and Industry on Saturday, he said that the Finance Budget will be present on January 23 due to the foreign tour of Prime Minister Imran Khan. “Tax anomalies … Read More

Govt putting economy at stake due to its inexperience: Hamza Shehbaz

01 January, 2019 3:01 pm 3:01 pm

LAHORE (92 News) – PML-N leader Hamza Shehbaz has said that the government is putting the economy at stake due to its inexperience. Talking to the media outside Punjab Assembly on Wednesday, he said that the government itself will bury under the burden of its lies. “Nothing will happen on South Punjab as the government … Read More

Govt decides to pay back Rs 50 billion in circular debt: sources

09 September, 2018 1:52 pm 1:52 pm

ISLAMABAD (92 News) – The federal government on Thursday decided to immediately pay back Rs50 billion in circular debt. According to the sources of the Finance Ministry, the decision has been taken after independent power producers (IPP) threatened that they will suspend power generation. They said that the phase-wise payment will be initiated from Monday … Read More