Prime Minister Imran Khan has called for to chalk out a roadmap to turn the country out of the worsening gas crisis.
While addressing a seminar on Natural Gas Supply in Islamabad, Prime Minister Imran Khan highlighted that the indigenous gas reserves are exhausting and the country is now importing gas.
The PM apprised there is a vast difference in the price of domestic and imported gas, causing in escalating circular debt in the gas sector. He further apprised that they had hoped to discover offshore gas reserves near Karachi but were not successful.
He further added that 27 percent of households have access to piped gas, whereas the remaining depend on LPG cylinders which are four times more costly than the pipeline gas. He apprised subsidy on gas should facilitate the poor and further reduce the burden of financial crunch.
Prime Minister regretted the lack of long-term planning in the past to cope with the energy crisis. He apprised no effort was made to exploit the hydro potential of the country to produce cheap electricity.
The PM Imran Khan apprised we are grateful to the Independent Power Producers (IPPs) for renegotiating the contracts with the government. He further apprised we will intimate the nation next week about the savings to be accrued from these renewals of contracts that will help reduce the burden on the people.