Nawaz finalises new national energy policy

Published June 28, 2013
Prime Minister Nawaz Sharif chairs a review meeting on New Energy Policy at PM Office in Islamabad . – PPI Photo/File
Prime Minister Nawaz Sharif chairs a review meeting on New Energy Policy at PM Office in Islamabad . – PPI Photo/File

ISLAMABAD: Prime Minister Nawaz Sharif Friday said that the new energy policy would turn out to be “panacea of Pakistan's energy ills.”

“People and economy have suffered badly at the hands of crippling power crisis. It is high time that prudent and consistent policies were pursued to come out of this morass,” said the prime minister while chairing a high level meeting to give final touches to the new power policy here at the Prime Minister's Office in Islamabad.

The meeting not only discussed the broad contours of the new energy policy, which is expected to be revealed shortly by PM Sharif, but also analysed the minute details threadbare.

The finalised national energy policy is set to increase electricity generation to 26,800MW, reduce average electricity rates by more than 30 per cent, achieve zero loadshedding, encourage huge public and private investment and import electricity from India, Iran and Central Asian states in three years.

Those who attended the meeting include Minister for Finance Ishaq Dar, Minister for Information and Broadcasting Pervez Rashid, Minister for Petroleum Shahid Khaqan Abbasi, Minister for Water and Power Khawaja Muhammad Asif, Punjab Chief Minister Shahbaz Sharif, Special Advisor to PM Dr Musaddiq Malik, Shaukat Fayaz A. Tarin and other stakeholders from private and public sectors.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Military convictions
Updated 22 Dec, 2024

Military convictions

Pakistan’s democracy, still finding its feet, cannot afford such compromises on core democratic values.
Need for talks
22 Dec, 2024

Need for talks

FOR a long time now, the country has been in the grip of relentless political uncertainty, featuring the...
Vulnerable vaccinators
22 Dec, 2024

Vulnerable vaccinators

THE campaign to eradicate polio from Pakistan cannot succeed unless the safety of vaccinators and security personnel...
Strange claim
Updated 21 Dec, 2024

Strange claim

In all likelihood, Pakistan and US will continue to be ‘frenemies'.
Media strangulation
Updated 21 Dec, 2024

Media strangulation

Administration must decide whether it wishes to be remembered as an enabler or an executioner of press freedom.
Israeli rampage
21 Dec, 2024

Israeli rampage

ALONG with the genocide in Gaza, Israel has embarked on a regional rampage, attacking Arab and Muslim states with...