• Login
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
Time of Pakistan
No Result
View All Result
Home Featured

Finance ministry releases Rs 15 billion to overcome power shortfall

ToP by ToP
May 22, 2013
in Featured, National, Pakistan
0
Finance ministry releases Rs 15 billion to overcome power shortfall

Finance ministry releases Rs 15 billion to overcome power shortfall

0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

 

Finance ministry releases Rs 15 billion to overcome power shortfall

ISLAMABAD: Finance ministry has released a sum of Rs 15 billion to ministry of water and power to ensure provision of fuel to thermal power plants to overcome energy crisis.

The decision for provision of this amount was taken in a meeting held under the care taker Prime Minister Mir Hazar Khan Khoso Tuesday. The finance ministry would release more 7.5 billion rupees to ministry of water and power this month as per decision besides arranging Rs 42 billion next month on this count.The release of this amount would ensure continuity of fuel supply to the thermal power plants enabling them to generate power in conformity with their potential.

It may be mentioned when PPP led coalition government came into power the power shortfall stood at 3000 megawatt and circular debt run into around 250 billion rupees. The government soon after its installation claimed that it would end load shedding by December, 2009. But these claims proved only empty slogans and the problem aggravated further. On the contrary , the circular debit surged to Rs 600 billion and power shortfall escalated to 6000 megawatts.The citizens of Lahore have to face power outage duration for 16 hours daily in urban areas and 21 hours in rural localities.

Energy sector experts warned if no emergency arrangements were made by the new government then it would become hard for the people to spend summer days. They opined that government would have to introduce duty free policy for the period ranging between 5 to 10 years for the private sector to import power generation machinery. Payments of billion of rupees will also have to be made to gas and oil marketing companies immediately.

PML-N chief Mian Nawaz Sharif is contemplating to import 10000 megawatt electricity from India. PML-N led government will consider seriously to evolve short term and long term strategy to import 1000 megawatt electricity from India to over come power outage.The sources confirmed that it was feasible to import power from India, Iran and Central Asian States.A top functionary of World Bank based in Islamabad told Online that bank had worked out feasibility report with regard to import of electricity form India and 1000 megawatt electricity could be imported from India in the next two years. – OnlineNews

 

Tags: power shortfallPPP led coalition government
Previous Post

ECP to issue notification of successful candidates today

Next Post

20,000 families receive ‘relief assistance’

ToP

ToP

Related Posts

11th J.A. Zaman Memorial Open – Powered by Gem Golfers
Sports

11th J.A. Zaman Memorial Open – Powered by Gem Golfers

by Jameel Ahmad
April 9, 2025
Imran Khan
Pakistan

Imran Khan and Bushra Bibi Sentenced to Jail in £190 Million Case

by Jameel Ahmad
January 17, 2025
shaza fatima khawaja
Pakistan

World’s Largest Submarine Cable Arrives in Pakistan: Could This End Internet Woes?

by Jameel Ahmad
January 15, 2025
Kundi
Pakistan

“Nothing Was Seen”: Kundi on Talks

by Jameel Ahmad
January 3, 2025
Inflation
Pakistan

Pakistan’s Inflation Plummets to 6-Year Low: ‘4.9% in November Sparks Hope for Rate Cuts’

by Jameel Ahmad
December 2, 2024
Belarus President
Pakistan

Belarusian President’s Three-Day Visit to Pakistan Promises Strengthened Ties and Key Agreements

by ToP
November 25, 2024
Arno by Anny Dresses
Fashion News

Arno by Anny’s Launched its Latest Western Wear Collection for Women

by Jameel Ahmad
October 31, 2024
Next Post
20,000 families receive ‘relief assistance’

20,000 families receive ‘relief assistance’

Popular Stories

  • Farhan Ali Qadri

    Naat Khawan ‘Farhan Ali Qadri’ Arrested

    0 shares
    Share 0 Tweet 0
  • Save Big on Style: 15% Off Andre Emilio’s Custom Black Suits for Every Occasion

    0 shares
    Share 0 Tweet 0
Time of Pakistan

About Times Of Pakistan

kralbetbetturkeyikimislibahis1xbetm.infohipas.infohttps://www.wiibet.com/restbetcdn.com

Other Categories

  • Beautiful Pakistan
  • Fashion News
  • Funny News
  • Viral Videos
  • Weird News

Recent Posts

  • 11th J.A. Zaman Memorial Open – Powered by Gem Golfers
  • Imran Khan and Bushra Bibi Sentenced to Jail in £190 Million Case
  • World’s Largest Submarine Cable Arrives in Pakistan: Could This End Internet Woes?

Times Of Pakistan © 2024. Design & Developed by E2E Solution Providers.

No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In