KARACHI: Prime Minister Nawaz Sharif Monday announced a cut of Rs3 in per unit tariff of electricity for industrial users and urged the exporters to translate it into increased exports for the country.
Addressing the 39th Annual Export Awards Distribution Ceremony under the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the Prime Minister assured more cuts in power tariff to help the industrial community as situation improves.
The announcement received a standing ovation from a hall full of the country’s top entrepreneurs for the great relief and fulfilling of their longstanding demand.
The Prime Minister said the tariff would be applicable from January 1, 2016 and urged the business community to work harder and produce better quality goods, generate employment and earn foreign exchange for the country.
He said his government’s focus was on addressing the three main challenges of improving economy, ending power shortages and countering terrorism inherited by it in 2013.
Nawaz Sharif mentioned the threats of extremism and terrorism and said he was committed to root out the same for good from Pakistan. He said Pakistan and particularly Karachi were much better and safer than what they were three or six years back.
He assured that the operation in Karachi would continue and congratulated DG Rangers, IG Sindh and Chief Secretary Sindh for their success in bringing peace to the port city.
The premier said in September, 2013 he stayed in Karachi for two days and met all political, business and influential people and stakeholders, who all agreed on conducting an operation to rid the city of extremists, terrorists and law breakers.
Today the change was significant as foreign businessmen were now coming to the city and interacting with local counterparts, said PM Nawaz and hoped that in the days ahead Karachi would be more vibrant and serve as the country’s economic hub.
The Prime Minister said the government was working on short, medium and long term projects to make the country self sufficient in power generation. He said the country used to witness 12 to 18 hours of loadshedding but today it was considerably less and things were improving gradually.
The government was also trying to make electricity cheaper and lower the cost of production so as to make these more competitive and help end unemployment. He said the issue of loadshedding was being addressed at multiple levels.
He recalled his visit to the Port Qasim coal fired power generation plant and directed that it be completed by 2017. He said in financial years 2017-18, 10,000 MW more electricity would be added to the national grid and another 15,000 MW by the year 2025.
The premier said that coal from Thar would be used to generate 3,600 MW electricity. He also referred to setting up of other power plants that were being installed at 40 per cent lesser cost saving Rs100 billion to the national exchequer.
He also mentioned the construction of Diamir-Bhasha project that would generate 4,500 MW, Dasu Dam besides the nuclear power plants of K2 and K3 Neelum Jhelum and the fourth Tarbella Expansion project.
Nawaz Sharif said work was also going ahead at enhancing road connectivity and mentioned various phases of Lahore-Karachi Motorway, western corridor of China-Pakistan Economic Corridor (CPEC) that would link Gwadar, Quetta and other areas of Balochistan with the rest of the country.
Work on Sukkur-Multan Motorway would also start soon, he added.
The Prime Minister congratulated the export award winners and said they had done the country proud. The event was also a good incentive for others to try harder, he added.
Minister for Finance Ishaq Dar said Pakistan today was considerably better in all areas than in 2013 owing to the effective measures taken by the government of Prime Minister Nawaz Sharif.
He said that Pakistan had been noted as a macroeconomic stable country by 22 credible financial institutions of the world.
The difficult decisions taken by the Prime Minister he said had strongly countered the threats of terrorism and extremism. Dar said financial discipline had been ensured under the Pakistan Muslim League-Nawaz (PML-N) government policies.
Prime Minister Sharif later distributed awards among the top performers.
Oct 19, 2017 0
The 68th Anniversary of the Founding of the People’s Republic of China.
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