Menu

  • Home
  • Business News
  • Startup News
  • Lifestyle
  • About Us
  • Contact
  • Media Pack

Industry

  • Agriculture
  • Automobile
  • Aviation
  • Banking & Finance
  • E-commerce
  • Education
  • Energy
  • FinTech
  • Government
  • Healthcare
  • Hospitality
  • Industrial
  • Information Technology
  • Logistics
  • Real Estate
  • Retail & Consumer
  • Sports
  • Telecom
  • Textile
  • Tourism
  • Trade

Follow Us

CEO Times
No Result
View All Result
Sunday, June 4, 2023
33 °c
Lahore
35 ° Mon
36 ° Tue
35 ° Wed
36 ° Thu
CEO Times
No Result
View All Result
Home Sector Energy

Pakistan to save $3bn in 10 years from LNG deal with Qatar

27 February 2021
in Energy, Government
Reading Time: 3 mins read
Pakistan to save $3bn in 10 years from LNG deal with Qatar: PM

Pakistani Prime Minister Imran Khan declared on Friday that the country has signed a contract for the supply of liquefied natural gas (LNG), which will save the country $300 million per year.

The prime minister said that his government had been trying to strike this agreement for the past year at the ground breaking ceremony of the Central Business District in Lahore. “When a country faces a difficult situation, it must consider ‘out-of-the-box’ solutions,” he said. He said, “Pakistan went through a decade of darkness.”

The Prime Minister had said that Pakistan was facing a fiscal deficit because it was forced to take foreign loans because the reserves of the country had decreased and its currency had lost its value. ‘These issues were inherited by this government,’ he said, adding that unless and unless it produces income, the government will not solve this problem.

Touching on the LNG agreement with Qatar, the Prime Minister said he was proud to announce that, as a result of the deal, Pakistan will save $300 million per year. “And in ten years, Pakistan will save $3 billion,” he predicted.

The Prime Minister hailed the Business District Project in Lahore, saying it would create billions of dollars of wealth for Pakistan. He claimed that it was past time to halt Lahore’s horizontal expansion, recalling that the city used to end at Zaman Park when he was a boy. “The federal government will earn Rs250 bn from taxes in the first phase [of the Central Business District] project,” he said.

The prime minister said that tall buildings can be built in Gulberg and on Ferozepur Road when the Walton airport is de-notified as per the project’s schedule. “These areas can then become Lahore’s economic hub,” the prime minister said, regretting that the horizontal expansion of Lahore had produced a mirage of the city’s problems. He said, “The entire city’s sewerage is going into River Ravi.” “The sewerage goes down the river. “A lot of people drink river water,” he said, adding that Lahore’s water table is also decreasing.

Imran Khan said Pakistan could generate Rs6,000bn in revenue from these commercial ventures, according to estimates. When no one clapped at the announcement, he appeared irritated. “I believe everyone in the front row has had a late night because you all appear to be sleeping. No one clapped at the announcement that it was going to produce Rs6,000bn, he said. “Aleem Khan, because you are in business, you should know about these things.” The belief that the project would be detrimental to the environment was dispelled by Imran Khan. “I consider myself to be Pakistan’s greatest environmentalist,” he said. “In Pakistan’s history, no one has ever thought of planting trees. It was we [the KP government] who were dreaming about planting trees in Khyber Pakhtunkhwa.

No trees will be cut down to make way for the scheme, according to the prime minister. “And we have equipment to move it to another place, even if a tree is brought down,” he said.

Source: Daily Times

Related Posts

LPG Plant

Private sector authorized to establish LPG plants

31 May 2023
PHA Parks

Parks in Rawalpindi to be converted to solar power for energy conservation

24 May 2023
Nauman Ansari

Govt appoints Nauman Ansari as MD of Pakistan Oman Investment Company

21 May 2023
Bilawal Bhutto

Bilawal Bhutto launches ‘Share Pakistan Portal’ for enhanced diplomatic communication

20 May 2023
Next Post
July-Jan period: Repatriation of profit, dividend exceeds $1bn

Repatriation of profit, dividend exceeds $1bn

Copyright © 2023 CEO TIMES (SMC-PVT) LTD.

  • Privacy Policy
  • Terms & Conditions
  • Sitemap

No Result
View All Result
  • Home
  • Business News
  • Startup News
  • Lifestyle
  • About Us
  • Contact
  • Media Pack

Copyright © 2023 CEO TIMES (SMC-PVT) LTD

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00