Saturday, August 13, 2022

Pakistan to buy coal from Afghanistan to curb energy crisis: PM Shehbaz

Shehbaz Sharif, the Prime Minister of Pakistan, has said that the government has made the decision to import coal from Afghanistan in order to combat the ongoing energy crisis in the country as well as the global shortage of LNG.

At the Turnaround Pakistan conference, Prime Minister Shehbaz Sharif delivered a speech and stated that the Finance Minister has verified that the IMF’s economic relief package of Rs2 billion will be sanctioned in the near future. He went on to say that achieving self-sufficiency is our primary objective.

The Prime Minister went on to say that Rikodiq is home to treasures with an estimated value of billions of dollars, but that we have not been able to profit from this. In point of fact, he said, we have squandered millions of dollars on cases involving Rikodiq.

Shehbaz Shareef continued by saying that other parties were critical of them when they did long-term contracts for LNG. He went on to say that this was because the PTI government did not enter into any long-term contracts, which led to a shortage of gas across the nation.

According to the Prime Minister, Iran had finished the transmission of the Pak-Iran pipeline all the way to the Bolan border, but the PTI government was unable to finish the project. He further mentioned that the Bolan border is only 26 kilometers away from Gawadar.

He went on to say that in the preceding 73 years, there has been nothing except additional promises made, but no actual development. He went on to say that in order for us to advance, we will have to put our own interests aside and concentrate on those of our country.

Read Also: Ishaq Dar confirms his return to Pakistan

According to the Prime Minister, the newly implemented super tax will bring in an additional tax collection of 230 billion rupees for the government. The revenue collected from the tax would not be added to the sums already being spent; rather, it would be invested in Pakistan’s social and economic advancement.

According to the Prime Minister, they have made the decision to purchase coal from Afghanistan. The sum, denominated in Pakistani currency, would then be transferred to Afghanistan.

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