Quick action on oil and gas sector reforms ordered

26 Jun, 2004

Prime Minister Mir Zafarullah Khan Jamali on Friday directed the finance and petroleum ministries to gear up steps for speedy implementation of reforms and initiatives proposed in the budget 2004-05.
He was presiding over a post-budget meeting at the Prime Minister's Secretariat to review the situation particularly in the oil and gas sector.
The Prime Minister said that availability of adequate energy resources is critical for higher economic growth and the government needs to encourage public-private partnership in gas, petroleum and electricity.
He said Pakistan is already on the path of high growth, and investment in the energy sector was needed to achieve three years GDP target of 8 percent.
He said the Government has planned a number of measures and steps during the next financial year to provide relief to the common man.
The concerned departments and organisations should speed up their efforts and work to implement these decisions so that benefits should accrue to the common man, he added.

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