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ISLAMABAD: Prime Minister Shehbaz Sharif on Monday approved the import of high-quality coal from Afghanistan in rupees instead of dollars to save the country’s foreign exchange. The premier chaired a meeting to improve the country’s transportation system for coal imported from Afghanistan while expressing concern over the rising price of coal in the international market. He said that global prices are the primary reason for the costly power generation from coal-fired power plants in the country.

He said that the import of coal from Afghanistan will not only generate cheap electricity but also help save the country’s foreign exchange.

Earlier, the premier was informed that the import from coal from Afghanistan initially required for Sahiwal and Hub power plants alone would save more than US$2.2 billion per annum in the import bill.

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He also directed all the concerned departments to devise an effective system for this purpose, so that relief could be provided to the domestic consumers and industries by generating cheap electricity in the country.

The prime minister has asked the Ministry of Railways to take all necessary steps to ensure swift delivery of coal imported from Afghanistan to power plants.

He also directed to form a committee of all concerned officials headed by Defence Minister Khawaja Asif to expedite the import process.

Copyright Business Recorder, 2022

Comments

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Ashfaq Jun 28, 2022 10:03am
It is a good effort to produce cheap electricity and to reduce the pressure on our foreign reserves. We should also have to do concrete efforts to increase the trade volume with Afghanistan because it is in the interest of both countries.
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MalikSaabSays Jun 28, 2022 11:16am
For all its being "imported" and illegitimately installed, and for all their wrong economic decisions causing unprecedented inflation, this decision needs to be followed through on a war footing. This might be the best thing to happen to Pakistan in a long time. Kudos! Go for local coal as well. Im the second generation that is hearing that Thar has billions upon billions of tons of coal. In the ground its useless! Get it out economically and put it to use!
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Asad Khursheed Jun 28, 2022 02:57pm
Those who knows sustainability will definitely have idea that this might impact export . Let c!
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