News

A new economic policy under the new government which will be established after 100-day programme.

Electricity crises will be resolved within three years: PM

KARACHI: Prime Minister Nawaz Sharif while launching the ninth edition of the Expo Pakistan 2015 on Thursday said that the situation in the country was improving ad the electricity crises in the country would be resolved by the end of his government's term.

Sharif painted an encouraging picture of the country and told the participants of the biggest trade fair in Pakistan that, “Those who want to set up industries in the country now is the time, within the next three years Pakistan will overcome its energy crises.”

He added that, “There will be ample electricity available to industrial and household owners. Our goal is not only to provide electricity but also to lower the cost of its production.”

“For this purpose we have decided to set up liquefied natural gas (LNG) based power generating projects. The money for these projects will be provided from the Public Sector Development Programme (PSDP). We won’t take any chances,” the premier said.

He further said, “We are setting power producing units with the help of China and by the end of 2017 and construction in this regard has already started. 3,700 megwatts would have been added to the grid. The project would be funded from the government kitty, we are not depending on private sector or bank loans.”

The premier said that the government was working very hard in this regard and more electricity and power has been added to the system.

“Energy resources are not available as per need for which we are unable to deliver our orders to foreign customers but the crises will be resolved soon. We are trying to raise the country’s outlook from negative to positive,” Sharif said.

He added, “We are happy that we are on the right track towards progress and development. We are planning to set up more industrial projects in the country within next 25 years.”

Earlier upon his arrival at Karachi Airport, the premier was greeted by Sindh Chief Minister Syed Qaim Ali Shah.

Expo Pakistan is the biggest trade fair in Pakistan, showcasing the largest collection of Pakistan's export merchandise and services.

Foreign exhibitors, from neighboring countries, also use this platform to launch their products.

The ninth edition of the four-day Expo Pakistan is being organised by the Trade Development Authority of Pakistan (TDAP).