PM okays Afghan coal import in Pak rupee instead of US dollar

By: News Desk
Published: 09:15 PM, 27 Jun, 2022
PM okays Afghan coal import in Pak rupee instead of US dollar
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Prime Minister Shehbaz Sharif has taken a bold decision and approved the import of super-critical quality coal from Afghanistan in Pakistani currency—rupee—instead of US dollars to generate electricity in Pakistan.

According to the 24News HD TV channel, PM Shehbaz Sharif chaired a meeting to improve the mechanism for transportation of Afghan coal here in Islamabad on Monday. 

In the meeting, he expressed concerns over the rising price of coal in the international market and said the rise in coal price was also one of the reasons behind the generation of expensive electricity by the coal power plants operating in Pakistan.

PM Shehbaz viewed that the import of Afghan coal in Pakistani currency would save the foreign exchange.

The prime minister was told that the import of Afghan coal – initially for Sahiwal and Hub power plants – would save around $2.2 billion annually.

Prime Minister Shehbaz Sharif directed the authorities concerned to devise an effective mechanism for the purpose to help generate low-cost power generation and provide relief to the domestic and industrial consumers.

He directed the railway ministry to take all-out measures for swift transportation of coal from Afghanistan to the power plants.

He also instructed the formation of a committee of all relevant departments under Defence Minister Khawaja Asif.

Federal ministers Syed Naveed Qamar, Khawaja Asif, Engineer Khurram Dastgir, Miftah Ismail, Rana Sanaullah Khan, Ahsan Iqbal and Khawaja Saad Rafiq, Advisor Ahad Cheema, Minister of State Dr Ayesha Ghaus Pasha and relevant senior officers attended the meeting.