FDI flow reaches $545.4 mln in 7 months, Senate informed
Minister of State for Parliamentary Affairs told the House that profit repatriated during the said period is $706.9 million.
The House began discussion on a motion moved by Minister-in-Charge Cabinet Secretariat regarding the Annual Report on the Observance and Implementation of the Principle of Policy in relation to the affairs of the Federation for the year 2011-12.
Initiating the discussion, Farhatullah Babar said Article 38 of the Constitution has directed that Pakistan will have to be a welfare driven state. However, he said unfortunately over the last sixty-six years instead of promoting the concept of welfare state, we have moving to become a security state. He said all the stakeholders should sit together to revisit the theories of national security.
Syed Muzaffar Hussain Shah said there has been violation of rights of minorities in many parts of the country. He said the government must take coercive measures to ensure that minorities in Pakistan are safeguarded and their rights are protected. He said the economic development should take place on equitable basis throughout the country. He said forty-six billion dollars development package as a result of Chinese President's visit to Pakistan will be a game changer and great opportunity for the country.
Replying to a calling attention notice moved by Ilyas Ahmad Bilour regarding disparity in rates of electricity being charged by PESCO from the people of Khyber-Pakhtunkhwa in comparison to IESCO, Minister of State for Water and Power Abid Sher Ali informed the House that NEPRA is the regulator and determined the electricity tariff. He said there is no disparity of any kind in this regard.
The House deferred for tomorrow another calling attention notice moved by Sassi Palijo regarding delay in announcement of 8th NFC award.
The Senate was informed today that the net foreign direct investment made in the country from July last year to 31st January this year is 545.4 million dollars.
Minister of State for Parliamentary Affairs Shaikh Aftab Ahmad told the House during question hour that profit repatriated during the said period is 706.9 million dollars.
Answering a question, he told the House that Adil Gilani has been appointed as honorary consultant in the Prime Minister's Inspection Commission. He said Adil Gilani has no concern with any matter in PMIC, nor involved in any decision making process as he has consultancy role alone.
Minister of State for Petroleum and Natural Resources Jam Kamal told the House that SNGPL has reported that currently 13 Sales Marketing Stations are feeding gas to southern districts of Khyber-Pakhtunkhwa and gas losses under the SMSs are more than ninety percent. He said exponential increase in losses in law and order affected areas of KPK and overall law and order situation in the major reason for increase in losses.
He said in campaign against gas pilferers, SNGPL has made efforts to stop gas pilferage in Kohat Division especially in the oil and gas producing zones. He said the KPK government has also been asked to take concrete steps in this regard. He said a bill is also lying with the NA Standing Committee suggesting measures to stop pilferage of gas.
To a question, Jam Kamal informed the House that the government is close to finalize an agreement for import of LNG from Qatar. He said Pakistan State Oil, the government's designated LNG buyer for LNG import to Pakistan is currently engaged in discussion with Qatar Gas on the terms of LNG sale and purchase agreement. He said a team from Qatar is also in Pakistan for this purpose. He said it will be a long-term agreement and hoped that Pakistan will get best ever price in this region with Qatar gas. He said the government is also focusing on making new Oil and Gas discoveries.
Jam Kamal told the House that as a result of reduction in oil prices at international level, the government continuously passed on its benefits to the consumers at all levels.
The House offered Fateha for the departed soul of the sister of Senator M Hamza.