Circular debt

Published September 23, 2019

AT last the government has formed a committee to find out the causes of the enormous power circular debt amounting to over one trillion rupees. The debt has been rising enormously without any action by the power ministry to find ways and means to arrest it.

Surprisingly, it took the government 12 months to constitute a committee to look into the matter and to identify the causes, fix responsibility and suggest measures to get rid of this enormous economic national plague.

The committee has also been tasked to propose steps to have affordable power so necessary for development and for relief to the consumers.

While the terms and conditions set forth for the proposed committee appear good on paper, it cannot be said to act effectively and impartially to arrive at right decisions.

All the committee members are drawn from the government/corporate organisations who are blamed for creating directly or indirectly the massive circular debt mess the country faces.

It would be in the best interest of the country if members of the research and facts-finding committee are drawn from the relevant private sector organisations or individuals possessing requisite expertise to eliminate chances of favour and protection to involved government, semi-government departments, groups or individuals.

We have wasted enough time indulging in a blame game. The cleansing process should start to get rid of the corrupt and the inefficient. Many heads should roll or shown the door, whether they belong to past regimes or to the present one.

A period of three to four months for the committee could be curtailed in view of urgency of the subject. The above should not be limited to the power sector alone.

The process needs to be fair and transparent.

Engr Riaz Bhutta

Lahore

Published in Dawn, September 23rd, 2019

Opinion

Editorial

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...