PM Kakar calls for strong strategy to tackle energy sector’s debt

WEB DESK: In a meeting held on Wednesday, Caretaker Prime Minister Anwaar ul Haq Kakar underscored the imperative need for an effective, long-lasting, and viable strategy to eliminate revolving credit within the energy sector.

The focal point of the gathering was a comprehensive review of the plan designed to curb the persistent issue of revolving credit in the energy sector.

The nation currently faces a significant challenge in the form of a substantial circular debt, prompting the government to undertake decisive measures to mitigate its impact.

PM Anwaar ul Haq Kakar, during the meeting, emphasized the urgency of implementing a strategy that not only addresses the existing challenges but also ensures a sustainable solution to prevent future occurrences of revolving credit.

One of the noteworthy initiatives in line with this objective is the government’s launch of the anti-electricity theft operation.

According to the prime minister, this operation has yielded promising results by significantly enhancing the recoveries of electricity distribution companies.

This proactive approach aligns with the broader efforts to streamline the energy sector, enhance efficiency, and reduce financial burdens caused by circular debt.

As the government continues to prioritize measures to tackle circular debt, the emphasis on a robust and sustainable strategy reflects its commitment to ensuring a stable and resilient energy sector for the benefit of the nation.

Caretaker PM Anwaar ul Haq Kakar affirmed the government’s dedication to implementing measures that will have a lasting impact on resolving the challenges posed by revolving credit in the energy sector.

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