KARACHI: Prime Minister Muhammad Nawaz Sharif here on Friday emphasised on trickle down effect of reduction in the prices of petroleum products to the common man and directed Sindh Chief Minister Syed Qaim Ali Shah to ensure cut in public transport fares.
“The benefits of cut in petroleum prices must reach the common man as it has a great impact on the people’s lives,” the Prime Minister said while talking to media at Karachi Stock Exchange (KSE) after an interactive session with KSE officials and members.
Muhammad Nawaz Sharif said, however a downward trend has been registered in the kitchen items in the country and that the growers are also benefitted in the shape of low inputs cost.
Prime Minister informed the media that he was going to announce another significant cut in POL prices on Saturday (January 31).
To a question from media, he said “We have taken legal action against those found responsible for petroleum crisis in the country a couple of days earlier.”
He said that Pakistan’s economy is moving in the right way and is coming out of the crisis. However, it is still facing certain problems like energy crisis.
All this calls for joint and concrete efforts by all the stakeholders.
“We are moving ahead with a well-calculated plan,” he elaborated.
He was confident that his government would overcome the energy crisis in the country before the completion of its tenure.
“I hope, within our tenure the country will be rather surplus in electricity.”
He also assured that gas supply would also increase significantly in the country.
“We are also purchasing liquefied natural gas (LNG) to strengthen the gas supply.”
the existing power plants with LNG, the government is setting up LNG-based power plants. The transmission lines network is also being strengthened, he added.
He said Pakistan is fighting a very difficult war against terrorism and extremism. But, very positive results will come up in next few days.
The cases of terrorism and extremism are being tried in the special courts which enjoy the support and cooperation of all the major political parties of the country under the National Action Plan aimed at rooting out the menace of terrorism and extremism.
Prime Minister said that instead of doing politics for remaining in power, he held peace, solidarity and prosperity of the country supreme.
He offered full support of his government to all the provincial governments for maintaining peace and security as it was imperative for the economic activities leading to prosperity and development in the country.
Sindh Chief Minister Syed Qaim Ali Shah, Federal Finance Minister Senator Muhammad Ishaq Dar, Pakistan Muslim League-Nawaz’s senior leaders Saleem Zia and Nihal Hashmi Advocate, former federal minister and central leaders of Muttahida Qaumi Movement (MQM) Dr Farooq Sattar and Babar Khan Ghauri, Governor, State Bank of Pakistan, Ashraf Mehmood Wathra, Chairman Karachi Stock Exchange Muneer Kamal and Managing Director KSE Nadeem Naqvi were also present.