Fast track completion of energy projects to overcome loadshedding- Cabinet Committee on Energy approves establishment of LNG-based power plant
Prime Minister Muhammad Nawaz Sharif chaired the meeting
Cabinet Committee on Energy in its meeting in Islamabad accorded in-principle approval for establishment of a new LNG based 1,200 MW capacity power plant. The Prime Minister emphasized that pro-active planning should be exercised regarding power supply and demand. He said it is very unfortunate that planning by relevant authorities is undertaken without inculcating important contingency factors that could not be ruled out. He directed the Ministry of Water and Power to undertake power supply and demand analysis till the year 2023. The CCE meeting unanimously approved that no power shutdowns be carried out on account of development works during Ramzan.
Analysts on Telephone:
Jan Achakzai (Leader, PML-N)
The government’s policy is to eliminate load-shedding from the country at all cost and we are hopeful that it will be eliminated by next year. We will have enough electricity in the national grid. PM House is monitoring the unannounced load-shedding of electricity in different areas of the country. The government is also ensuring the completion of all underway projects within stipulated time. People will vote for PML-N in next general elections on the basis of its achievements to facilitate the people in the country.
China-Pakistan Economic Corridor and a stable macroeconomic environment will give a spur to private investment in Pakistan: WB Report
The World Bank says successful completion of an IMF-supported program has helped achieve macroeconomic stability in the country. According to the World Bank's June 2017 Global Economic Prospects, the China-Pakistan Economic Corridor and a stable macroeconomic environment will give a spur to private investment in Pakistan. The report says favorable weather and increased cotton prices are supporting agriculture production. Pakistan's growth is expected to be 5.7 percent s during the current financial year.
Analyst on Telephone:
Dr. Hamayun Iqbal Shami (Chairman, Pakistan Economic Forum)
The world has also acknowledged that economic indicators in our country are going in positive directions. The growth rate in the country has improved to a great extent. It is also a good news that local investors are investing in development projects in the country that will improve the revenue as well. International organizations are appreciating the prudent economic policies of the incumbent government. New companies in Pakistan have also been registered. CPEC is a game changer and without any doubt this project will bring an economic revolution in the country.
The evolving situation in Middle East in the wake of severing of ties by five Arab countries with Qatar
Several countries have cut ties with Qatar, accusing it of supporting terrorism in the Gulf region. Qatari nationals in Bahrain, Saudi Arabia and the UAE have been given two weeks to leave. Qatar denies backing militants and its foreign minister has called for "a dialogue of openness and honesty". Qatar's ruler postponed an address to his country on Tuesday over its sudden and damaging diplomatic isolation from other leading Arab nations, in order to allow Kuwait some time and room to mediate.
Host: Ali Naseer
Co-host: Ahsan Bashir