No #2

The Financial Daily - - CONTINUATIONS -

LNG and the govern­ment will trans­port it to pro­vide CNG and al­ter­nate fuel to con­sumers. He said pres­sure on petrol will be re­duced with the avail­abil­ity of CNG and peo­ple will get re­lief. He said ad­di­tional CNG will be avail­able soon.

Speak­ing on the oc­ca­sion, Chair­man CNG As­so­ci­a­tion, Ghiyas Piracha said that prices of CNG will be less than 30 per­cent of petrol prices.

Fed­eral Min­is­ter for Pe­tro­leum and Nat­u­ral Re­sources Shahid Khaqan Ab­basi on Wed­nes­day said Com­pressed Nat­u­ral Gas (CNG) is an im­por­tant part of the coun­try’s en­ergy mix which will be pro­moted.

“We will not al­low any cri­sis to dam­age the world’s num­ber one in­dus­try and ef­forts were un­der­way to re­vive it as pos­si­ble,” he said.

Shahid Khaqan Ab­basi said this while speak­ing at a press con­fer­ence. Cen­tral leader of All Pak­istan CNG As­so­ci­a­tion (APCNGA) Ghiyas Ab­dul­lah Paracha, Cen­tral Chair­man APCNGA Cap­tain Shuja An­war, Se­nior Vice Chair­man Ch. Talib, Brig. Iftikhar Ahmed, Ch. Salah Ud­din, Fayaz Gil­lani, Abid Hayat, Ashar Haleem and oth­ers were also present on the oc­ca­sion.

The Min­is­ter said that Govern­ment has taken pro­vi­sion of en­vi­ron­ment-friendly and eco­nom­i­cal fuel to masses as a chal­lenge, adding that im­port of LNG will be­gin from March af­ter which no CNG sta­tion would face clo­sure.

Shahid Khaqan Ab­basi in­formed that the price of CNG would be dereg­u­lated, it would be linked to crude oil and its price would be 30 per­cent cheaper as com­pare to the petrol.

The move will have a pos­i­tive im­pact on bud­get of masses, en­vi­ron­ment, oil im­port bill and job mar­ket, he added.

He said that re­vival of CNG would help es­tab­lish an al­ter­na­tive fuel sys­tem which will not be af­fected by petrol scarcity or vi­tal­ity of mar­ket hence pro­vid­ing re­lief to masses.

The Min­is­ter lauded the CNG sec­tor for tak­ing ini­tia­tive to im­port LNG to over­come cri­sis en­sur­ing that govern­ment is fully co­op­er­at­ing in this re­gard.

Af­ter ar­rival of LNG the an­nual de­mand of petrol in Pun­jab would be re­duced by al­most two bil­lion litres per an­num, he said.

“We have of­fered fis­cal in­cen­tives for im­port of LNG so that the once vi­brant sec­tor can again boom,” he stressed.

He asked other in­dus­trial groups to fol­low the foot­steps of CNG sec­tor to set­tle their en­ergy prob­lems of­fer­ing all out sup­port.

Speak­ing on the oc­ca­sion, Ghiyas Paracha lauded the govern­ment’s sup­port for im­port of LNG for CNG sec­tor terming it the be­gin­ning of the end of en­ergy cri­sis in Pak­istan.

He said that im­port of LNG will have a pos­i­tive im­pact on all the peo­ple and ev­ery sec­tor of the coun­try. NNI

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