ISLAMABAD: Power div­i­s­ion’s circular debt has swollen to Rs1.3 trillion as a result of previous government’s inefficient policies, failure to improve power transmission system, control power sector losses and construct new grid stations, said Federal Minister for Power Omar Ayub Khan while addressing National Assem­bly’s session on Friday.

He said that the previous government did not take steps to improve the capacity of power transmission lines across the country and lamented that existing lines don’t have the dispatch capacity above 1,950 MW power.

The previous government had left the economy in precarious situation after it delayed tariff determination and failed to introduce key reforms, he added. The country’s debt had soared Rs29tr in last five years up from Rs15tr. He claimed that pursuing its political ambitions, the previous government put the economy on a negative trajectory.

Members of the opposition parties — PPP, JUI-F — said that PTI led government had failed to introduce any measures to help the poorest segments of the economy in the mini-budget. Some members warned that since the announcement of mini-budget by the finance minister, prices of essential commodities had already gone up subsequently increasing the cost of living.

They urged the government to promote the interest of the downtrodden segments and ensure merit based hiring of advisers.

Published in Dawn, September 29th, 2018

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Energy inflation
Updated 23 May, 2024

Energy inflation

The widening gap between the haves and have-nots is already tearing apart Pakistan’s social fabric.
Culture of violence
23 May, 2024

Culture of violence

WHILE political differences are part of the democratic process, there can be no justification for such disagreements...
Flooding threats
23 May, 2024

Flooding threats

WITH temperatures in GB and KP forecasted to be four to six degrees higher than normal this week, the threat of...
Bulldozed bill
Updated 22 May, 2024

Bulldozed bill

Where once the party was championing the people and their voices, it is now devising new means to silence them.
Out of the abyss
22 May, 2024

Out of the abyss

ENFORCED disappearances remain a persistent blight on fundamental human rights in the country. Recent exchanges...
Holding Israel accountable
22 May, 2024

Holding Israel accountable

ALTHOUGH the International Criminal Court’s prosecutor wants arrest warrants to be issued for Israel’s prime...