Shehbaz Sharif
Pakistan PM Shehbaz Sharif rejects proposal to hike price of petroleum products
Islamabad/IBNS: Pakistan Prime Minister Shehbaz Sharif has tried to give relief to people of the nation by rejecting the proposal to hike the price of petroleum products for the period Apr 16-30, media reports said on Monday.
The current government's decision to keep the prices unchanged will force it to give another hefty amount in subsidy from April 16 to 30, reports The News International.
Meanwhile, Shehbaz Sharif has blamed ex-PM Imran Khan-led government's 'mismanagement' for the ongoing energy crisis.
Speaking at the National Assembly on Saturday, Sharif said the ongoing loadshedding had nothing to do with the power generation capacity.
“Today there is loadshedding in the country due to gross mismanagement and incompetence of the previous government,” Sharif was quoted as saying by Dawn News.
He said the country had the capacity of generating 35,000 megawatts of electricity, but due to the closure of different power plants running on gas and oil, different parts of the country were facing load-shedding for the last few days.
The prime minister said that soon after assuming the charge, he had received briefings from officials of the ministries of petroleum and energy over the loadshedding issue.
He said the country was facing a shortage of about 6,000 MW of hydel power, which was linked to the melting of glaciers and the availability of water.
Despite this, he said, the country had sufficient electricity to meet the requirements of the country.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
