Pakistan

With new projects, load-shedding situation improving, claims PM

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KARACHI: Prime Minister Nawaz Sharif, who arrived in the city on a daylong visit on Thursday, said new power projects were helping the government in overcoming a huge crisis of load-shedding in the country.

While addressing a grand stock exchange event in Karachi today, the prime minister said his government has already initiated power projects in Hub, Thar and Port Qasim that would produce incredible results in the future.

Claiming the federal government and his party was not only aiming at creating more power projects but it was also interested in making power available for the people of Pakistan at reasonably low rates.

PM Sharif reiterated that there would be no load-shedding in the country by 2018.


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He said some ten to 12 years back, Pakistan faced the darkest years of its history and it was to the government’s fresh and result-oriented economic policies now, he said, that the country was able to make profits giving the right signal to globally investors.

The premier alleged that nationalisation of state institutions sent shockwaves to the country’s economy in the past but their performance improved when the centre privatised them.

He said the government still feels that the institutions in Pakistan needed to be taken to another level by helping them enhance their performance.

Prime Minister Nawaz Sharif along with Finance Minister Senator Ishaq Dar and Senator Nihal Hashmi later presented awards to the best-performing companies at the event.

Earlier, while talking to a group of leading industrial exporters the prime minister said boosting exports was his government’s top priority.

He said the government would give short, medium and long-term benefits to exporters so that no segment misses obtaining the growth targets.

“We cannot afford to ignore our exports,” he said and added, economic growth and exports were interlinked.

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