Abb Takk News

Circular Debts Slashed to Rs 10 B from Rs 29 B: Omar Ayub

ISLAMABAD: Minister for Power Division Omar Ayub Khan on Friday said that circular debt has been declined to Rs 10 billion from 29 million per month.

Addressing press conference minister said that the Rosh power plant has been paid the 1.5 billion rupees on transparent manners and as per set procedure which was decided by the federal cabinet.

He mentioned that the basic aim of GIDC was to slash the price of fertilizer, however, after criticism the issue has been sent to the apex court.

On the occasion, he announced that if SC verdict comes in government’s favour the amount will be allocated for the development of the gas sector.

Rejecting minus-one formula, he said that PTI completely united and PM Imran is the only prime minister of the party and even in the future he will be the only PM candidate of the party.