"The Government has initiated a series of energy projects to end load-shedding by next year": Analysts
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 a 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:
Sheikh Aftab Ahmed (Federal Minister for Ministry of Parliamentary Affairs)
Prime Minister after coming into power in 2013 vowed to bring Pakistan out of darkness and eliminate load-shedding from the country by all means. During the last four years of his tenure, the government initiated a number of hydel, solar and thermal projects. PM is taking personal interest in it and has directed the concerned authorities to complete the projects within time. The government is determined to eliminate load-shedding by next year. Prime Minister is the man of commitment and we should believe in his efforts to overcome energy shortage.
Dr. Gulfaraz (Energy Expert)
The government is mainly focusing on hydel power projects in order to produce cheap electricity. The government should also focus on the construction of new dams to store water for this purpose. Cheap electricity could also be produced through natural gas but due to shortage of natural gas reserves in the country, the government has signed agreements with Qatar for the import of LNG that is another source to produce cheap electricity. Three power plants including Haveli Bahadur Shah, Bhikki have almost completed and another three power plants will soon be inaugurated in Punjab that will add about 3600MW electricity in the national grid station.
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. Abid Qayyum Sulehri (Economist)
The incumbent government has initiated a number of development projects related to improvement in infrastructure through China Pakistan Economic Corridor project. The coming four to five years would be vital. CPEC is game changer project that is proving a golden opportunity for the local and foreign investors to invest in development projects. Environmental changes have badly affected Pakistan and its agriculture sector. But this sector has improved to a great extent because of the efforts of the government.
Host: Dr. Shoaib Ahmed