Government focusing to improve performance of state institutions: Shibli

Islamabad, August 24, 2020 (PPI-OT): Minister for Information and Broadcasting Shibli Faraz says the government is focused on improving the performance of state institutions, including power sector. Addressing a news briefing along with Minister for Industries Hamad Azhar in Islamabad today (Monday), he said revamping the power sector of the country has seminal importance in strengthening the economy of the country. The Minister said, in this regard, new agreements with the Independent Power Producers will be made to manage the loss of previous expensive agreements.

The Information Minister said those expensive agreements are not sustainable and their only purpose was to get kickbacks from the investors and people have bear the burden of expensive electricity. The Minister said under new renewable energy policy of the government, focus has been shifted to energy mix to produce more energy from indigenous sources. Responding to PML-N leader Shahbaz Sharif’s diatribes against PTI, he said opposition is responsible for the destruction of various institutions.

Hamad Azhar said due to tough and timely decisions of the government, foreign exchange reserves are now stable and current accounts deficit has reduced just to three billion dollars. The Minister said as compared other regional countries Pakistan’s economy was less affected by the Corona pandemic.

For more information, contact:
Ministry of Information and Broadcasting
Government of Pakistan
4th Floor, Cabinet Block, Pak. Secretariat, Islamabad, Pakistan
Tel: +92-51-9103557
Email: info@moib.gov.pk
Website: http://www.moib.gov.pk