News Column

Govt to fulfill promises made with nation: PM

June 12, 2014

Prime Minister Muhammad Nawaz Sharif has said the government will fulfill the promises made with the nation to make Pakistan self-sufficient in energy and water resources.

He said this while appreciating the efforts of Finance Minister Muhammad Ishaq Dar and his team in Ministry of Finance in realizing 700 million dollar assistance by World Bank for Dasu Hydropower Project and Sindh Water Irrigation Project.

The Prime Minister said Dasu project will not only improve the water storage and irrigation system, but also provide 4,500 megawatt electricity to our power starved economy.

He said the Government is working with the USAID to organize an international investors' conference for Diamer-Bhasha Dam in September this year in Washington.

The Prime Minister said that we have initiated several projects to overcome energy shortage. The short-term projects will be completed in next 4 to 5 years while the completion time of long-term projects is 10 to 12 years.

He also referred to World Bank report on "Global economy prospects," which has termed Pakistan's economy stabilized and improving. The report further says that after several years of decline, the investment in Pakistan is projected to rise.

The Prime Minister said that the report has given unbiased study of our economy and has discarded the impression of a few, who suspected the government's figures of growth.

Prime Minister Muhammad Nawaz Sharif said the government upholds a very transparent policy of privatization aimed at converting organizations into profit-making entities and reducing burden on government exchequer.

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Source: Daily Messenger (Pakistan)

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