national

February 15, 2016

Circular debt mounting due to commodity obligations

ISLAMABAD: Another circular debt is mounting up without getting attention of anyone as commodity operation-related obligations have crossed by Rs500 billion loans against meager stocks available with federal and provincial governments, The News has learnt. Owing to losses of Rs300 billion faced by PIA, the government was worried about tackling its losses and tried to find out strategic partner that triggered protests during which two employees were shot dead. Banks loans also went up to Rs500...