ISLAMABAD - Prime Minister Imran Khan has directed to prepare a roadmap to steer the country out of gas crisis.
Addressing a seminar on Natural Gas Supply in Islamabad on Wednesday, he pointed out that the indigenous gas reserves are depleting and the country is now importing the gas.
The Prime Minister, however, said there is a big difference in the price of domestic gas and the imported gas. This is resulting in the increase of circular debt in the gas sector.
He pointed out that 27 percent of our households have access to piped gas whilst the remaining rely on the LPG cylinders which is four times more expensive than the piped gas. He said the subsidy should be such that facilitates the poor lot, the Radio Pakistan reported.
Imran Khan regretted that no long term planning was done in the past to cope with the energy crisis. He said no effort was also made to exploit the hydro potential of the country to produce cheap electricity.
The Prime Minister said that the people of any democratic country are aware of the problems and challenges of the country.
The Prime Minister said we are grateful to the Independent Power Producers (IPPs) for renegotiating the contracts with the government. He said we will apprise the nation next week about the savings to be accrued from these renewal of contracts that will help reduce burden on the people.
Pakistani currency remains largely stable against US dollar in the open market on February 27, 2024 (Tuesday).
In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.
Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.
UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 76.7.
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