Federal Minster for Finance and Revenue, Mr. Miftah Ismail, chaired a meeting on funding for power and petroleum sector on Friday at Finance Division. Federal Minister for Energy, Mr. Khurram Dastgir Khan, Minister of State on Petroleum Division Mr. Musadik Masood Malik, Federal Secretaries and senior officers attended the meeting.
The chair was briefed on power plants with fuel positions and funds required for optimal working of these power plants based on coal, RLNG and RFO. A detailed presentation was also given to the chair on total funds required for fuel including govt.’s support for RLNG and RFO from budgeted subsidies.
The Finance Minister shared that present government is cognizant of load shedding problem and is determined to provide relief to the masses by resolving the menace of load shedding.
He stressed that required steps should be undertaken immediately for efficiently reducing the load shedding. In this regard, all the three ministers requested Finance, Power and Petroleum Divisions to work out feasible plan for government’s support for fuel management in order to ensure the smooth and sustainable power distribution throughout the country.