Circular debt will be nullified by 2020, claims Hafeez Sheikh

Bilal Raza

Prime Minister (20k+ posts)


Islamabad: Special Advisor to Prime Minister on Finance Hafeez Sheikh on Monday claimed that circular debt will be nullified by 2020, GNN reported.

As per detail garnered, Hafeez said that obliterated economy took sufficient time to become stable.

He explained that government signed agreements with International Monetary Fund (IMF) and friendly countries in order to strengthen the economy.

He added that IMF has expressed satisfaction over improving economic indicators.

“Reducing expenses and increasing revenue are the priorities of government for the current fiscal year”, concluded Hafeez.

He went on to say that government has allocated more funds for Poverty Alleviation program and Development schemes.

He mentioned that tax has been waved off for export sector in order to enhance exports whereas subsidy has also been given on electricity and gas bills.

He told that current account deficit has been reduced by 63 percent during the first quarter of the fiscal year due to government’s fair policy while trade deficit has been reduced by 33 percent.

He said that they are trying their best to collect Non Tax Revenue more than the target set.

He said “economic indicators will improve further in coming months”.



 
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immii

MPA (400+ posts)


Islamabad: Special Advisor to Prime Minister on Finance Hafeez Sheikh on Monday claimed that circular debt will be nullified by 2020, GNN reported.

As per detail garnered, Hafeez said that obliterated economy took sufficient time to become stable.

He explained that government signed agreements with International Monetary Fund (IMF) and friendly countries in order to strengthen the economy.

He added that IMF has expressed satisfaction over improving economic indicators.

“Reducing expenses and increasing revenue are the priorities of government for the current fiscal year”, concluded Hafeez.

He went on to say that government has allocated more funds for Poverty Alleviation program and Development schemes.

He mentioned that tax has been waved off for export sector in order to enhance exports whereas subsidy has also been given on electricity and gas bills.

He told that current account deficit has been reduced by 63 percent during the first quarter of the fiscal year due to government’s fair policy while trade deficit has been reduced by 33 percent.

He said that they are trying their best to collect Non Tax Revenue more than the target set.

He said “economic indicators will improve further in coming months”.



INSHALLAH.
 

pkpatriot

Minister (2k+ posts)
Getting it to zero is one task but main task is to leave it at zero after 5 years.
Unlike pmln who starts with 500 billion circular debt make hue and cries then advertised alot that they brought it to zero but left around 2000 billion circular debtafter 5 years for nxt govt.
 

arafay

Chief Minister (5k+ posts)
I think he means creation of new circular debt in energy system will be zero. The total amount of circular debt accumulated so far is around 1500 billion and it is impossible to pay it off by 2020.
 

Sohail Shuja

Minister (2k+ posts)
Waisay PTI ko daikhna chahiye aisay bayaan detay huay....

aik Kekra oil field bhi thi.... Jahan sey itna oil nikalna tha k Pakistan k galli muhallay main log pani ki jagha oil sey nahatay
 

Sohail Shuja

Minister (2k+ posts)
I think he means creation of new circular debt in energy system will be zero. The total amount of circular debt accumulated so far is around 1500 billion and it is impossible to pay it off by 2020.
In the current system of Pakistan, IT IS NOT POSSIBLE, by the dynamics of its mechanism.

Ever wondered why many countries have switched to a pre-paid mode of utility billings?

In the post paid system, this problem of circular debt is embedded in its foundations.
 

boss

MPA (400+ posts)
Yeh Current Account Deficit aur Trade Deficit main faraq kya hota hay?

شجاح صاحب
کم کم ہی نظر آتے ہیں فورم پر، یہ غیر حاضریاں اچھی بات نہیں ورنہ فورم سے نام کٹ جائے گا آپ کا

🤭
 

Sohail Shuja

Minister (2k+ posts)
شجاح صاحب
کم کم ہی نظر آتے ہیں فورم پر، یہ غیر حاضریاں اچھی بات نہیں ورنہ فورم سے نام کٹ جائے گا آپ کا

🤭
لے آئیں گے بازار سے جا کر، میڈیکل سرٹیفیکیٹ اور
 

Sohail Shuja

Minister (2k+ posts)
جب تک ہے باقی لوہار ہائی کورٹ
لیں آئیں گے بازار سے میڈیکل اور

😁
کورٹ تو کبھی موچی، کبھی لوہار۔۔۔
جان بچانے کے لیئے ڈاکٹر سے دوستی ہونی چاہیئے، بسسسسسسسس

یہاں بھی ماسٹر نام کاٹ کر کیا کرے گا؟
نئی آئی ڈی بنا لیں گے
 

boss

MPA (400+ posts)
کورٹ تو کبھی موچی، کبھی لوہار۔۔۔
جان بچانے کے لیئے ڈاکٹر سے دوستی ہونی چاہیئے، بسسسسسسسس

یہاں بھی ماسٹر نام کاٹ کر کیا کرے گا؟
نئی آئی ڈی بنا لیں گے
آئی ڈی سے یاد آیا
وہ

ImRaaN

نامی آئی ڈی آج کل نظر نہیں آتی

🤭
 

Sohail Shuja

Minister (2k+ posts)
آئی ڈی سے یاد آیا
وہ

ImRaaN

نامی آئی ڈی آج کل نظر نہیں آتی

🤭
اکثر چیزیں نظر نہیں آتیں، لیکن پھر بھی ہوتی ہیں
مثلاً خلاٗ

لیکن ’’
وہ‘‘ ذکر ہوا تو یاد آیا،
وہ تیری یاد تھی، اب یاد آیا
 

boss

MPA (400+ posts)
اکثر چیزیں نظر نہیں آتیں، لیکن پھر بھی ہوتی ہیں
مثلاً خلاٗ

لیکن ’’
وہ‘‘ ذکر ہوا تو یاد آیا،
وہ تیری یاد تھی، اب یاد آیا
وہ جس کی میں بات کر رہا ہوں اُس کے دماغ میں بھی خلا تھا، جو اکثر اس کی بونگیوں سے نظر آجاتا تھا

🤭
 
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