SPB NEPRA Reports Endorsement of PMLN’s Stance, Proof of PTI Govt’s Lies – Shehbaz

ISLAMABAD: PMLN President and National Assembly Opposition Leader Shehbaz Sharif has termed the State Bank of Pakistan’s report and NEPRA’s State of Industry Report as powerful endorsement of PMLN’s stance and irrefutable proof of the PTI government’s lies.

In a statement Shehbaz said the loss of $ 500 million (Rs. 83 billion) to the national exchequer in just three months was evidence of the Imran government’s crimes. This government bought 30 percent expensive LNG from the market, adding more burden on the nation, he said. The National Accountability Bureau was sadly blind to all this and was busy digging up contracts and agreements done half a decade ago, he added.

“This NEPRA report had proven that everything PMLN told the nation was true to the last detail.
Instead of operating economical power plants, the nation was robbed by generating expensive electricity which multiplied problems due to low production capacity and expensive power plants. Running these expensive power plants increased the financial burden and debt on the country, which incurred more loss to the people and the country”, Shehbaz said.

Shehbaz said the State Bank’s second quarterly report showed that LNG has reduced the cost of electricity. He said by the grace of God Almighty, even a government obsessed with political vengeance could not conceal PMLN’s honest, diligent and transparent services for the nation.
The savings of Rs. 234 billion between 2017 and 2020 was a testament of PMLN’s sincere public service that saved the nations money and provided much needed relief, he added.

He said the first quarterly report of SBP for 2018 and 2019 confirmed that the reduction in current account deficit was due to PMLN’s initiatives. Prices of petroleum products accounted for one-third of the 22.7 percent drop in imports through the PMLN’s hard work under the leadership of Nawaz Sharif, he pointed out. Decreased import of furnace oil and use of domestic coal reduced imports too was a victory for Nawaz Sharif’s vision, he said.
The PMLN President said that with the cooperation of China in 2019 the operation of a 660 MW coal-fired power plant in Thar increased power generation by 45 percent.

Shehbaz said all these facts were clearly visible in both reports and expressed hope that maybe NAB would also open its eyes and learn from these reports.