The Prime Minister was apprised of the power sector agreements made by the previous governments and their negative effects on the economy and common man.
The chief minister apprised the minister about the development of ongoing energy projects in GB to maintain the fuel and electricity requirement of the area.
Talking to a private channel, the SAPM said that the incumbent government is paying $527,000 per day because of ‘ill-conceived’ agreements of the previous government.
The envoy also indicated that approximately $1.5 billion of credit line for export credit facility remains largely unused and urged Pakistani projects to utilize it more.
The present government was accountable and answerable to the people, he said and added there was a big demand gap of electricity during the winter and summer seasons.
He said the country would start importing only Euro-5 standard petrol from September 1, with an aimed to provide quality fuel and tackling environmental issues.
Omar Ayub said that by 2023 Pakistan will generate 75-80pc of its electricity from its local sources including nuclear, hydro, and coal power, which will reduce the electricity tariffs for the end customers.
The opening of a charging station in Islamabad will help encourage electric vehicles as future transportation in the country, says Babar.