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

Enrolment drive
Updated 10 May, 2024

Enrolment drive

The authorities should implement targeted interventions to bring out-of-school children, especially girls, into the educational system.
Gwadar outrage
10 May, 2024

Gwadar outrage

JUST two days after the president, while on a visit to Balochistan, discussed the need for a political dialogue to...
Save the witness
10 May, 2024

Save the witness

THE old affliction of failed enforcement has rendered another law lifeless. Enacted over a decade ago, the Sindh...
May 9 fallout
Updated 09 May, 2024

May 9 fallout

It is important that this chapter be closed satisfactorily so that the nation can move forward.
A fresh approach?
09 May, 2024

A fresh approach?

SUCCESSIVE governments have tried to address the problems of Balochistan — particularly the province’s ...
Visa fraud
09 May, 2024

Visa fraud

THE FIA has a new task at hand: cracking down on fraudulent work visas. This was prompted by the discovery of a...