Minister for Energy Omar Ayub Khan informed the National Assembly that the government was taking steps to launch renewable energy projects for providing electricity to consumers on lower rates.
He said that all the investors were taking keen interest to invest in energy projects of Pakistan as they realized that Prime Minister Imran Khan believed in fairness and transparency.
He told that PML-N government had announced heavy unfunded subsidy during its last year that damaged the economy of the country. It was unfortunate that the previous government had generated expensive electricity through liquefied natural gas.
Taking part in the debate on the economic conditions of the country, the minister further said that the energy rates would eventually come down with the installation of new power plants.
Omar Ayub Khan appreciating the working of the Ministry of Energy that minister said the ministry had earned Rs. 229 billion in one year by taking concrete measures.
He said the previous governments of PPP and PML-N had controlled the tariff rate of electricity artificially which caused billions of rupees loss to the national exchequer.
The minister said that it was unfortunate that the previous government had generated expensive electricity through liquefied natural gas.
He added that “We are expecting that leaders from the opposition parties will give positive suggestions to the government but unfortunately they only mislead the nation”.
Omar Ayub said PPP had taken total debt to Rs. 15000 billion and PML-N increased it to Rs. 30000 during the last 10 years and now the nation was facing grave problems and difficulties.
He said that prominent leaders and members of the PPP and PML-N had admitted the fact that the price hike in the country was due to the policies of their previous governments.
The minister said that such an unprecedented debt also hiked the prices of the daily commodities, badly affecting the common man.