PM Imran saved Rs2,344b in two years, claims Shibli Faraz

By: News Desk      Published: 03:59 PM, 16 Aug, 2020
PM Imran saved Rs2,344b in two years, claims Shibli Faraz

Federal Minister for Information and Broadcasting Senator Shibli Faraz on Sunday said that Prime Minister Imran Khan has so far saved Rs2,344 billion through his strategies and efforts in two years.

In a tweet posted on Sunday, Shibli Faraz said the amount saved by Prime Minister Imran Khan was more than the three-year developmental budget of the country.

He said the amount included Rs1,100 billion saved in Reko Diq project, Rs240 billion in Karkay, Rs400 billion in Gas Infrastructure Development Cess (GIDC) and Rs604 billion in IPPs issue.

Meanwhile, addressing a news conference along with Special Assistant to the PM on Power Shehzad Qasim in Islamabad on Sunday, Shibli Faraz said the government is taking practical measures to ensure availability of electricity to the consumers at affordable tariff rates.

The minister said that by 2023 the government would ensure the supply of affordable electricity to the consumers.

Shibi Faraz said that a basic agreement has been signed with Independent Power Producers (IPPs) as a first major step towards providing cheap electricity to the consumers.

“Under the agreement signed with the IPPs, payments would only be made for the electricity acquired and consumed instead of the total installed capacity of a particular power plant,” the minister said.

The equity return will now be made in rupees rather than the dollars like past, he said.

Shibli Faraz said that past rulers signed power production agreements with IPPs at a costly rate for personal gains.

“These agreements not only forced the consumers to pay more cost of the electricity, but they also affected exports due to increase in cost of production,” he further said.