Circular debt swells Rs40 billion in just three weeks

ISLAMABAD: The circular debt has grown Rs40 billion in first three weeks of the current caretaker government, reaching close to Rs550 billion.

“The circular debt stood at Rs507 billion on May 31, the last day of the previous government, but it increased Rs40 billion to Rs547 billion in June,” revealed Hub Power Company Chief Executive Officer Khalid Mansoor while briefing the Senate special committee on circular debt.

Published in The Express Tribune, 21st June, 2018