Pakistan likely to miss its targets on circular debt reduction

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Pakistan likely to miss its targets on circular debt reduction

timestampMay 03, 2021 authorAlShorts Web Desk

Pakistan likely to miss its circular debt reduction target promised to IMF and World Bank in exchange for loans. Under the deal with IMF, Pakistan power sector was to get PKR2.65 trillion in 2 years, while the target was for PKR1.06 trillion in revenue generation. The power sector has, however, objected that the allocations were unrealistic, and may cause delay and increase in debt.

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