Our circular debt has reached alarming levels, severely disrupting government efforts to enhance economic growth and undertake essential development projects needed to meet the demands of a rapidly growing population. Successive governments, including the current one, have tried various strategies to tackle this persistent issue. However, progress remains largely invisible on the ground. According to recent news reports, the government is now preparing to introduce a new and supposedly innovative solution to this long-standing problem.
It plans to secure a massive loan of Rs617 billion from commercial banks – at a high interest rate – to address the circular debt. Rather than focusing on more sustainable and effective measures such as reducing line losses, curbing leakages and eliminating electricity theft, the government seems to have opted for the simpler route: borrowing funds and shifting the financial burden onto the already overburdened people. This approach may offer a temporary fix, but it places an unfair strain on the common citizen, who continues to grapple with the rising cost of living.
Engr Jan Nisar
Peshawar
The brutal killing of content creator Sana Yousaf in Islamabad has cast a harsh light on the escalating threats faced...
Women’s safety in Karachi has become a problem due to rising incidents of harassment, street crime and insufficient...
Israel has taken increasingly aggressive actions against Iran, often with little regard for regional stability. Now,...
This letter refers to the editorial ‘Hall of fame’ . Sana Mir, a trailblazing Pakistani cricketer, has become the...
The federal budget for FY2025/26 was presented by the finance minister on June 10, 2025. The budget, in my opinion, is...
The federal government has very graciously and generously proposed a 10 per cent increase in public-sector salaries...