Pakistan

Petroleum prices to remain unchanged in July: PM

ISLAMABAD: Prime Minister Nawaz Sharif has announced that prices of petroleum products would remain unchanged for next month (July).

“We do not want to burden people during Ramazan”. He was speaking at the ground-breaking ceremony of Signal Free Corridor of Islamabad Highway in Islamabad on Tuesday afternoon.

He said that international standard infrastructure is being developed to put Pakistan on fast track development.

The project envisages conversion of 24 kilometer Expressway from Zero Point to GT Road Rawat as signal free corridor besides addition of lanes to ease traffic congestion. It will cost about Rs 21.81 billion.

In the first phase, launched today, four kilometer portion from Zero Point to Faizabad would be completed at a cost of 1.6 billion rupees. An overhead bridge would be constructed at Shakarparian Chowk to give signal free access to travellers.

The Prime Minister expressed the confidence that the electricity crisis would be overcome by 2017.

He said apart from generating more electricity, the government is also concentrating on bringing prices of electricity down.

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