Increasing energy prices a threat to industrial future of country.

ISLAMABAD -- The government should speed up reforms in the energy sector so that the economy can progress in a sustainable manner, a business leader said Monday.

The infamous circular debt has reached Rs1.7 trillion and it will surpass Rs two trillion by the next year posing a serious threat to the economy, said Shahid Rasheed Butt former President ICCI.

He said that rising prices of electricity and gas will jeopardize industrial future of the country, therefore, mismanagement and inefficiency in these sectors should be tackled.

Shahid Rasheed Butt said that the rotten system should be improved through proper intervention otherwise it will lay waste to industry, agriculture, and exports as electricity in Pakistan is costly as compared to all regional countries.

The power...