Govt fo­cus­ing on in­vest­ment in the coun­try

The Pak Banker - - NATIONAL -

Fed­eral Com­merce Min­is­ter En­gi­neer Khur­ram Dast­gir Khan has said that the govern­ment has con­trolled crip­pling econ­omy and now its fo­cus­ing on cre­at­ing em­ploy­ment and bring­ing in­vest­ment in the coun­try.

Talk­ing to a pri­vate news chan­nel, he said that be­fore 2013 elec­tion, the core prob­lems fac­ing the masses were elec­tric­ity load-shed­ding, ter­ror­ism and in­fla­tion while the govern­ment has over­come them to a large ex­tent.

To a ques­tion, he said Qatar will pro­vide LNG to Pak­istan on a rate 13.37 per cent less than three-year back prices of crude oil in the in­ter­na­tional mar­ket. He said that the LNG's rate will roughly be ac­cord­ing to Pak­istan do­mes­tic gas' price. Qatar is pro­vid­ing LNG to other re­gional coun­tries at the rate of 5 to 6 dol­lar while Pak­istan will get it on the price of 4.3 dol­lar.

To a ques­tion, he said that most of the on­go­ing power projects from all re­sources would start power gen­er­a­tion within next two years. To an­other ques­tion re­gard­ing free hand to PTV, he said that PTV is in­de­pen­dent in giv­ing cov­er­age to political lead­ers, as it in­vites op­po­si­tion lead­ers to talk-shows where they ex­press opin­ion about the govern­ment pub­licly.

Khur­ram said that PTV is giv­ing equal cov­er­age to govern­ment and op­po­si­tion lead­ers, but I tell you that there is room for im­prove­ment in the or­ga­ni­za­tion. The Fed­eral Min­is­ter said suf­fi­cient elec­tric­ity and gas would not only be avail­able to all sorts of con­sumers but also at a com­par­a­tive rate within next two years.

The Fed­eral Min­is­ter men­tioned that fi­nan­cial close of USD 2.4 bil­lion Thar Coal Ex­trac­tion Pro­ject had been done and Prime Min­is­ter would soon per­form ground-break­ing of the pro­ject to be com­pleted by 2018. He said that Pak­istan had or­ga­nized a very suc­cess­ful sin­gle coun­try ex­hi­bi­tion in Sri Lanka and the TDAP would also ar­range such ex­hi­bi­tions in other coun­tries as well.

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