PML-N leader Senator Ishaq Dar addresses a press conference at Punjab House in Lahore on Saturday. – Photo by Online

ISLAMABAD: Former Finance Minister and leader of Pakistan Muslim League-Nawaz (PML-N) Senator Ishaq Dar on Saturday alleged that the current rulers are non-serious to steer the country out of looming energy crisis.

Addressing a news conference here at Punjab House, he expressed disappointment over the new budget saying that no concrete steps have been taken to resolve the loadshedding problem.

Senator Dar said country is facing enormous problems and poverty and unemployment are the most serious.

He said more than 49 per cent Pakistanis are living below the poverty line. Describing the federal budget 2012-13 as disappointing, he said it lacks remedial measures to cope with looming energy crisis besides suggesting to recover the written off loans amounting Rs300 billion to overcome the power crisis. He grilled the government and its economic team for tall claims and unrealistic budgetary figures.

The PML-N leader said that there are both short and long-term strategies to cope with the challenge. Giving his suggestion to overcome energy crisis, he said as a short-term solution the written off loans on political grounds amounting Rs300 billion should immediately be recovered and the circular debts should be paid so as to get rid of the load shedding. While the existing power units could also be upgraded which can generate extra 1200 megawatt electricity, he maintained.

For long-term strategy, he said that his party's Punjab government has given many fruitful suggestions in the Council of Common Interest (CCI), adding that 4908 MW more electricity can be produced by construction of Nandipur power plant, which has been stalled for the last two and half years. He also lamented that the proposed programme of 2007-12 under which 11708 MW electricity was supposed to be produced but it was still in the papers.

He also grilled the government for creation of proposed 100,000 more jobs, saying that the government should come up with sensible measures to overcome unemployment.

He said that the poor condition of national exchequer does not allow the government to create jobs in such large numbers.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Wheat price crash
Updated 20 May, 2024

Wheat price crash

What the government has done to Punjab’s smallholder wheat growers by staying out of the market amid crashing prices is deplorable.
Afghan corruption
20 May, 2024

Afghan corruption

AMONGST the reasons that the Afghan Taliban marched into Kabul in August 2021 without any resistance to speak of ...
Volleyball triumph
20 May, 2024

Volleyball triumph

IN the last week, while Pakistan’s cricket team savoured a come-from-behind T20 series victory against Ireland,...
Border clashes
19 May, 2024

Border clashes

THE Pakistan-Afghanistan frontier has witnessed another series of flare-ups, this time in the Kurram tribal district...
Penalising the dutiful
19 May, 2024

Penalising the dutiful

DOES the government feel no remorse in burdening honest citizens with the cost of its own ineptitude? With the ...
Students in Kyrgyzstan
Updated 19 May, 2024

Students in Kyrgyzstan

The govt ought to take a direct approach comprising convincing communication with the students and Kyrgyz authorities.