Day: July 21, 2022

Minister for Power Khurram Dastgir says circular debt has been reduced by two hundred and fourteen billion rupees over the last three months.

Addressing a news conference along with Minister of State for Petroleum Musadik Malik in Islamabad on Thursday, he said we are addressing pending issues in the power sector.

Khurram Dastgir said that uninterrupted power supply is being ensured to the industrial sector so that there is no impact on the livelihoods of the people.

The Minister for Power said a comprehensive solar policy is being announced next month with the aim to enable the people to shift to solar energy and reduce dependence on the imported fuel.

Khurram Dastgir assured there will be no increase in the power prices for the consumers using up to one hundred units. He said there is also a subsidy plan for the consumers using up to two hundred units.

The Minister for Power said the coalition government is defender of the economic future of the people.

Minister of State for Petroleum Musadik Malik said record reserves of petrol and diesels are available in the country. He said there is no threat of shortage of petroleum products in the country.

He pointed out that there has also been reduction in the usage of petrol and diesel during the months of June and July this year as compared to the corresponding periods of last year.

He said this happened because of our effective management which will help reduce our import bill and stabilize the rupee.

Source: Radio Pakistan

Finance Minister Miftah Ismail has said the country has sufficient stock of diesel, furnace oil and motor gasoline for two months.

Briefing media in Islamabad on Thursday afternoon, along with Defence Minister Khawaja Muhammad Asif, he said in view of availability of this stock, there is no need to import these commodities, which will reduce pressure on Pakistani rupee.

He said dollar prices are now coming under control since the government has announced that it will complete its tenure. He said the nation will see dividends of this thing from next week.

The Finance Minister also expressed the confidence that demand for dollar will be tackled by ensuring enhanced supply of dollar.

Commenting on political situation in the country, Khawaja Muhammad Asif said PML-N has consolidated its position in the recent by-elections in Punjab as its vote bank and seats have increased. He said PML-N won five seats, including the one grabbed by an independent, who is also a PML-N loyalist.

He said it should be kept in view that all the 20 constituencies, where by-election was held, were previously won by the PTI in General Election 2018.

Khawaja Asif said Punjab Administration led by Chief Minister Hamza Shehbaz Sharif organized the most transparent elections in the recent by-polls in Punjab.

Source: Radio Pakistan