Economics & Business

Pakistan to import 1000 MW electricity: Raja Ashraf

ISLAMABAD: Pakistan will sign final agreement for import of 1000 MW electricity from Central Asian Republics during a meeting of the Inter Governmental Council (IGC) to be held in Islamabad next month. This was said by the Federal Minister for Water and Power, Raja Pervez Ashraf while talking to the Ambassador of Kyrgyzstan, H.E. Nurlan Aitmurzaev who called on the Minister here today in the Ministry.

While welcoming the Envoy, the Minister said that the agreements will be signed among Pakistan, Tajikistan, Kyrgyzstan, Afghanistan and the International Financial Institutions for import of 1000 MW and to further develop electricity trading arrangements between the Central and South Asian regions during the four days meeting of the IGC in the last week of July next.

He said that Pakistan is facing energy crisis and all the measures are being taken by the government to bridge the gap between demand and supply. The establishment of this electricity link between the CARs and South Asian will strengthen the economic ties and enhance the bilateral relations among the countries, he added.

The Minister also stressed the need to explore possibilities for cooperation in other sectors particularly in tourism. He said that both the countries should exchange delegations to promote tourism between the two countries. The Ambassador also discussed other matters of mutual interest especially investment possibilities in water, power, transport and trade sectors.

The Ambassador said that Kyrgyzstan has great electricity potential with surplus power and will provide every possible assistance and technical cooperation in this regard. Both, the Minister and the Ambassador underlined the need to expedite the actions on the decision signed in the last meeting of the Kyrgyzstan-Pakistan Joint Economic Commission. -SANA

About the author

Rubab Saleem

Rubab Saleem is Editor of Pakistan Times

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