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Opinion Print edition: 2020-12-06

A 'culture' of debt

Published December 6, 2020 Updated December 6, 2020 03:23am
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By Fahad Khan
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Energy sector circular debt has touched a whopping Rs2.3 trillion mark, according to the chairman National Electric Power Regulatory Authority (Nepra). This development constitutes a question mark over the future of our economic well-being.

The situation has badly hurt our ability to make right economic choices and feel a sense of financial security. It is quite unfortunate that things have reached such a pass. Moreover, do our rulers know rising external debt is posing a serious threat to country's economic sovereignty? We have fallen into debt trap because we live beyond means.

Fahad Khan (Islamabad)

Copyright Business Recorder, 2020

Fahad Khan

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