Food sector circular debts surge to Rs290b

View previous topic View next topic Go down

GMT - 3 Hours Food sector circular debts surge to Rs290b

Post by εﺓз• » ιη∂αġι яσ¢χ « • on Wed Sep 14, 2011 3:11 pm

[You must be registered and logged in to see this image.]





ISLAMABAD: The volume of food sector circular debts in the country amounts to Rs290 billion.

Finance ministry sources told Geo News that the government guarantee in the food sector was of Rs90 billion. Sources said that Rs200 billion loans in food sector have been disbursed against mortgages.

Meanwhile, finance ministry spokesman, Rana Asad Amin told Geo news that the ministry has made all the payments to Pepco and no amount is outstanding now. No amount is payable by the government on account of circular debts in the energy sector and the rest has to been done by the oil and energy sector itself clearing and lowering the circular debts.






avatar
εﺓз• » ιη∂αġι яσ¢χ « •
A-Group
A-Group

Aquarius Horse
Posts : 868
Join date : 2011-07-13
Age : 27
--Mood-- : Disagree

Character sheet
Experience:
500/500  (500/500)

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

Permissions in this forum:
You cannot reply to topics in this forum