ISLAMABAD: PMLN President and National Assembly Opposition Leader Shehbaz Sharif while expressing grave concern and alarm over the mounting circular debt has said that the financial burden on the people and the country is increasing every day.
In a statement, commenting on the Ministry Of Energy reports, Shehbaz questioned the government’s management saying it had increased electricity tariffs, cut down subsidy and yet still the circular debt was on the rise.
“How else would you define theft and incompetence? The people are paying record high tariffs and yet the circular debt is shooting through the roof. This report by the Energy Ministry is a charge sheet against the PTI government”, Shehbaz said.
He said over the past 3 years the circular had doubled to 2.5 trillion. From high transmission losses to to Revenue collection, the performance of every department of the Energy sector is dismal, he added. PTI’s claims of reducing circular debt to zero by end of 2020 had also fallen flat on their face. Instead the circular debtb had increased at a higher pace since 2018. He said even after crushing people under additional Rs 500 billion the debt was skyrocketing. He pointed out that this was the consequence of producing expensive electricity through furnace oil any diesel to benefit the blue-eyed ATMs. This government added Rs 464 bunion in first year, Rs 538 billion in second and in the third year Rs 130 billion so far.
The PMLN President said the PTI government could not fulfil a single promise with the people or the federating units. They only know how to dump the avalanche of their failures, incompetence and corruption on the people of Pakistan.
