ISLAMABAD: The office bearers of Islamabad Chamber of Commerce & Industry (ICCI) have said that Pakistan was generating 60 percent electricity from thermal fuels which was the major cause of rising circular debt and called upon the government to focus on indigenous energy sources including hydro, wind and solar to cope with circular debt issue. In a joint statement issued here on Saturday, President ICCI Ahmed Hassan Moughal, Senior Vice President Rafat Farid and Vice President Iftikhar Anwar Sethi said that Pakistan was meeting 70 percent of its oil needs through imported oil due to which the country’s oil import bill during the first 8 month of current financial year has increased to $9.61 billion which was 6.7 percent more as compared to same period of last year. INP
