Prime Minister Shehbaz Sharif on Monday said that the utilization of modern technology and alternative energy by the industrial sector were inevitable to make exports competitive in the international market.
The prime minister, addressing the soft launching of Ombre Special Economic Zone, Sundar Green Special Economic Zone and Smart Special Economic Zone, said owing to surging oil prices, the only option was to exploit the potential of solar, wind and hydel energy for the cost-effectiveness of local products.
He said the issue of circular debt was required to be addressed on a war-footing basis, which was swelling due to wasting billions of rupees annually because of line and transmission losses as well as power theft.
The prime minister appreciated the private sector for chalking out a plan to establish the three special economic zones and assured all-out support from the federal and Punjab governments.
He said the commitment by the private sector to attract investment worth billions of rupees was also laudable, besides their plans to set up a three-megawatt solar power plant and other allied facilities like the vocational training center.
He hoped that the interim government would also take all possible measures to keep the national economy on track of progress, as the incumbent one was already making necessary legislation to pave the way for future course of action.—APP
