Committee formed by ECC to resolve issue of circular debt

News Desk

A committee has been formed by the Economic Coordination Committee (ECC) to resolve the issue of circular debt in consultation with all stakeholders.

According to media reports, the ECC has taken the decision during a meeting held in Islamabad on Wednesday with Adviser to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh in the chair.

ECC has directed the newly formed committee to prepare a proposal on modalities for clearing the circular debt of the Petroleum Division.