Tag Archives: Punjab’s food circular debt jumps to Rs560bn

LAHORE: Punjab’s food sector circular debt has risen to a staggering Rs560bn, equal to the Annual Development Programme for the year 2021-22, giving a nightmare to the finance wizards in the province. Punjab harvested a bumper wheat crop, about 22 million tonne this season and the department procured at least 3.5 million tonne of it at a rate of Rs1,800 …

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