Energy minister criticises Miftah Ismail over 'misleading' economic claims

Leghari condemns Ismail’s remarks as “irresponsible,” urging him to refrain from making claims without supporting data

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Energy Minister Awais Ahmad Leghari has dismissed former finance minister Miftah Ismail’s recent remarks on energy policies as “misleading and baseless,” accusing him of presenting incorrect statistics to misguide the public.

Responding to Ismail’s criticism, Leghari underscored that the government remains committed to promoting renewable energy as a key priority.

“The government has encouraged the public to adopt solar energy. Following amendments to net metering regulations, solar energy costs have decreased. As a result, over 4,000 megawatts of solar-generated electricity have already been integrated into the national grid,” he stated.

Looking ahead, the minister projected that within the next eight years, the capacity of solar net metering would surpass 12,000 megawatts. “Future solar net metering consumers will recover their investment within three to four years, making it a highly profitable venture,” he added.

Leghari clarified that existing net metering contracts would remain intact at their original rates. He also pointed out that several countries worldwide adjust net metering prices to prevent undue strain on national grids and economies.

Addressing power sector agreements, he highlighted that the government has successfully renegotiated Independent Power Producer (IPP) contracts through mutual consensus.

“These revisions have yielded financial benefits exceeding Rs1,500 billion, which will soon be passed on to the public through reduced electricity tariffs,” he stated.

He underscored Pakistan’s progress in renewable energy, noting that over 55% of the national grid’s power supply last year came from clean sources, including hydropower, solar, wind, and nuclear energy.

“In the coming years, the share of clean and green energy will rise to 85%, which is a milestone we should take pride in,” he remarked.

Leghari also criticised Ismail’s statements regarding sugar exports and shortages, asserting that the government had taken timely measures to stabilise the supply of sugar and wheat.

“It is unfortunate that a former finance minister is politicising economic challenges instead of acknowledging the steps taken to ensure market stability,” he said.

He further noted that significant reforms have been introduced across the energy, agriculture, and economic sectors. “The power sector, in particular, has undergone the most reforms. Failing to recognise these achievements is highly regrettable,” he added.

Leghari condemned Ismail’s remarks as “irresponsible,” urging him to refrain from making claims without supporting data.

“Baseless statements without factual backing reflect poorly on someone who once held a key economic position. Instead of criticism for the sake of criticism, we welcome constructive suggestions that can contribute to the country’s progress,” he concluded.