Pakistan’s total public debt (domestic and external) was at Rs24.95 trillion by end of fiscal year 2017/18 and now by end-March 2021, it has increased to Rs38 trillion.
Govt wants to eliminate circular debt: Tarin
Says power sector is a big challenge for the country
We want investment to come from US to Pakistan in oil and gas and IT sector, he said. SCREENGRAB
ISLAMABAD:
Finance Minister Shaukat Tarin has called the power sector a “big black hole” where generation capacity has been overbuilt, which places burden of capacity payments.
“Current power generation capacity is so high that it will take up to seven years to take consumption to that level,” the minister said while releasing the Pakistan Economic Survey 2020-21 on Thursday.
“Power sector is a big challenge for the government, we want to tackle it,” he said.
ISLAMABAD: Expenditure on pro-poor sectors stood at 9.5 percent of GDP in 2016-17, followed by 9.2 percent of GDP in 2017-18. It dropped to 8.1 percent of GDP in 2018-19 and slightly increased to.
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