Kakar urges action against circular debt

 Caretaker Prime Minister Anwaarul Haq Kakar on Wednesday directed the Ministry of Energy to formulate an effective and durable strategy to do away with the circular debt of the energy sector.

The prime minister, chairing a meeting to discuss the strategy to reduce circular debt of the energy sector, said all the stakeholders would have to put in collective efforts for reduction in the circular debt.

He told the participants of the meeting that soon after coming to power, the caretaker government took measures for economic revival and was taking all-out steps to reduce the circular debt.

He said the anti-power theft operation had led to an enhanced recovery of the electricity dues of the power distribution companies.

The meeting was briefed about the current situation of circular debt of the petroleum and energy sectors, and different proposals were also put forward in this regard.

Federal ministers Dr Shamshad Akhtar and Muhammad Ali, and relevant senior officers attended the meeting.

Meanwhile, the prime minister affirmed that as responsible citizens, the people of Pakistan must reject and collectively fight the vicious propaganda onslaught unleashed by the enemies against Pakistan in the recent past.

The prime minister, addressing the Pakistan National Youth Convention 2024 as the chief guest, said the youth could play a constructive role in dealing with this emerging national security challenge provided they remained focused, and fact checked all details through authentic information from the state institutions rather than falling prey to the propaganda.

Chief of Army Staff (COAS) General Asim Munir, NI (M), was the guest of honour. “We, as a nation, have fought the menace of terrorism most valiantly, offering unparalleled sacrifices,” he said.

Prime Minister Kakar appreciated the role of armed forces in the fight against the menace of terrorism with full commitment and professional excellence.

“Pakistan’s successes in the war against terrorism would not have been possible without the participation and support of the youth who make 65% of our population,” he added.