The debt cycle
Published in The News on June 19, 2013
With reference to your editorial ‘Getting brighter’ (June 17), it is not
enough for the government to pay off the entire circular debt in one go –
probably by printing notes. What is required is to recover the outstanding dues
from defaulters.
By simply
ignoring defaulters and continuing their electricity supply, the government
risks accumulation of another circular debt in the near future. Defaulters and
electricity thieves should be made to pay their dues even if they belong to the
ruling party. There is no other alternative.
Shakir Lakhani
Karachi
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