The Pak Banker

No decision taken to increase natural gas prices: Jam Kamal

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Minister of State for Petroleum and Natural Resources Jam Kamal has said that the government has not yet made any decision to increase prices of natural gas.

Responding to a call attention notice in the Senate session, which held on Friday with Chairman Nayyer Hussain Bukhari in the Chair, the State Minister said the Government is currently reviewing the different slabs of natural gas prices.

Regarding import of LNG, he said that no agreement or price has yet been finalized in this regard. He said the Government is working on LPG air mix plan to provide gas to different districts of Balochista­n.

Earlier, the House resumed discussion on Presidenti­al address to Joint Session of the Parliament on the 2nd of June last year. Taking part in the debate Rafiq Rajwana said the President in his address highlighte­d the importance of parliament­ary democracy and role of opposition. He said the elected representa­tives should come up to the expectatio­ns of the people. He said the President also urged for good relations with the neighbouri­ng countries including India.

He said Prime Minister Nawaz Sharif made a good beginning by attending the oath taking ceremony of Indian Prime Minister but India did not respond in good manner. He regretted that India created tension by resorting to frequent unprovoked firing on Line of Control and Working Boundary.

Karim Khawaja said the recommenda­tions of the report included that people left Pakistan in 1947 and settled in different countries should be persuaded to invest in Pakistan. He said officials of Foreign Office, Commerce Ministry, Board of Investment and Provincial Boards of Investment held a number of meetings with the identified persons who can invest in Pakistan.

He said billions of dollars of investment can come to Pakistan if there is hard work in this regard. It will also help create employment.

Rafique Rajwana appreciate­d the idea and efforts being made to attract foreign investment. Taj Haider said increase in private and public domestic investment is imperative to attract foreign investment.

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