Sunday, February 28, 2010
Rs25b for circular debt to be issued next week
10:44 AM | 
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KARACHI: The government has decided to issue Rs25 billion under circular debt head next week, Finance Secretary Salman Siddique said.Talking to Geo News after meeting chaired by outgoing Finance Minister Shaukat Tarin, he said of the pledged amount, the Finance Ministry will issue Rs13 billion and the remaining amount would be provided by various other departments and the provincial governments.
According to sources, the National Adjustor has hammered out a plan for adjustment of various departments and the provincial governments; however, it is now not clear that the amount would be adjusted in books or paid in cash.
Talking Geo News, Raja Pervez Ashraf said the government inherited the issue of circular debt, claiming the circular debt would be whittled away in March.
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