ISLAMABAD:
Minister of Finance Miftah Ismail on Friday said Prime Minister Shehbaz Sharif had asked for consumer assistance. who consume 200 to 300 units of electricity per month, but final decision yet to be taken.
Turning to the mediaMift announced that Qatar approved the investment worth $3 billion in Pakistan and wants a long-term rent of airports while he seeks investment in also seaports.
Read: Saving up to remain stressed until september says Myth
Moreover, he added what about Qatar also expressed interest in investments in LNG power plants along with installation of Solar power plants with a capacity of 8000 megawatts. Myth added what government also intends install Solar power plants with a capacity of 8000 megawatts in country.
Referring to the deal with the International Monetary Fund (IMF), he shared that the executive board meeting is planned on Monday.
The myth has gone on say there is a funding gap of $4 billion also was filled in as United Arab Emirates announced investments worth $2 billion in Pakistan and added that there were no obligations fix exchange rate with IMF.
In addition, finance minister announced that the oil facility will be provided by Saudi Arabia on deferred payments, adding that expensive oil deals were cause of surge in monthly electricity bills of March and April.
minister said there was no talk of sell Roosevelt hotel in New York.
Talking about ruin caused floods, finance minister argued that relief efforts were ongoing and rehabilitation work will begin after some time, adding that it is difficult to assess cost for reconstruction and rehabilitation for currently.
Read: Mifta faces growing anger in Sharif party
Referring to rumors of internal divisions in the PML-N involving a minister, he said that this true what people in his party were unhappy with his.
“Obviously, who Would you like inflation? I want ask Abid Sher Ali if I have taken decision no nod of in prime minister”, he said, adding that he is easy to criticize.
Speaking about oil products, Miftah said that currently no GST on products and government has no intention of or its imposition.
