Pauper Pakistan does not spare any effort to match its neighbor India, but every time it has to face. Now troubled by the financial crisis, Pakistan has to take another tough decision. The Government of Pakistan has decided that to save electricity, all the markets across the country will be closed at 8.30 pm.
Meeting held under the leadership of PM Shahbaz Sharif
This decision was taken in the meeting of the National Economic Council chaired by PM Shehbaz Sharif. The CMs of all the four provinces of Pakistan participated in this meeting held on Wednesday. According to a statement, the four Chief Ministers agreed in principle to this decision of the government to close the market.
However, the CMs of Punjab, Sindh and Balochistan also sought 2 days’ time from PM Sharif on this issue. The Chief Ministers said that they want to discuss this issue with the businessmen of their provinces and take them into confidence.
There is a shortage of 4 thousand MW electricity in Pakistan
Power Minister Khurram Dastgir said that due to early closure of markets and ‘work from home’, there will be huge saving of electricity in the country. Dastgir said that there is a shortage of 4 megawatt power in the country. At present, 22 thousand MW electricity is produced in the country, while the requirement is 26 thousand MW.
In such a situation, there is no other option but to cut the power. The minister said that industrial areas will not be included in this order of power cut. Dastgir said that the K-2 nuclear power plant is going to start soon in the country. With its commissioning, the country will get 1100 MW more power.
Read Also | Foreign banks stop financing to Pakistan over fuel crisis
Enmity with India made Pakistan worse
Let us tell that Pakistan has huge debts from China, Saudi Arabia, UAE and World Bank. The enmity with India and the corona epidemic has worsened the condition of its economy. The situation is that Pakistan has to take new loans to pay the interest on the old loans. Due to which the economy there is sinking into a deep swamp.
