PM Imran says prices of essential items to come down soon

By: News Desk      Published: 02:33 PM, 30 Sep, 2021
PM Imran says prices of essential items to come down soon
TV grab.

Prime Minister Imran Khan said on Thursday that increase in the commodities’ prices, particularly of food items, was due to the coronavirus and was a global phenomenon, adding Pakistan was no exception, reported 24NewsHD TV channel.

Speaking at the inaugural ceremony of the Matyari-Lahore transmission line, he said it was a passing phase and hoped that the prices of items of essential use would come down once the world came out of the pandemic.

He, on the occasion, also praised the work done by engineers and others due to which the transmission line laying project was completed. “The project will cut down the line losses from 17 per cent to four per cent,” he disclosed. 

He said the reason why there was more loadshedding in the country was that no investment had been done on improving the transmission lines. “Due to poor quality transmission lines, there are line losses,” he said, and added, “The more there are line losses, the more people have to pay electricity bills.” 

He said the government’s next priority was industrialization because without industrialization there could be no progress in the country; there could be no wealth generation. “We will introduce latest technologies in our industrial sector so that we could repay our loans,” he informed.