‘Sign of confidence’: Dar hails WB approval for five energy projects
This is the largest ever portfolio approved by WB executive board in one month
Dar assured that these projects would be accorded priority and will be completed within the stipulated timeframe. PHOTO: PID
ISLAMABAD:
Finance Minister Ishaq Dar has appreciated the World Bank (WB) executive board’s approval for five energy sector projects in Pakistan.
In a statement issued on Saturday, Dar called the approval “a manifestation of the confidence of international organisations in the continued improvement of Pakistan’s economy owing to the prudent fiscal policies of the PML-N government.”
The five schemes approved by the board of WB’s executive directors are the Gul Ahmad Limited and Tenaga Generasi Limited wind power projects, the Gulpur hydro project, the Sindh Public Sector Reform.
Dar said the approval is in line with the government’s ‘four E’s’ policy, which endeavours to promote education, develop economy, eliminate extremism and end the energy shortage. He assured that projects would be completed before the tenure of PM Nawaz Sharif is over.”
According to the statement, this is the largest ever portfolio approved by WB executive board in one month. The energy projects are expected to add over 10,000 MW to national energy basket.
Published in The Express Tribune, February 8th, 2015.
Finance Minister Ishaq Dar has appreciated the World Bank (WB) executive board’s approval for five energy sector projects in Pakistan.
In a statement issued on Saturday, Dar called the approval “a manifestation of the confidence of international organisations in the continued improvement of Pakistan’s economy owing to the prudent fiscal policies of the PML-N government.”
The five schemes approved by the board of WB’s executive directors are the Gul Ahmad Limited and Tenaga Generasi Limited wind power projects, the Gulpur hydro project, the Sindh Public Sector Reform.
Dar said the approval is in line with the government’s ‘four E’s’ policy, which endeavours to promote education, develop economy, eliminate extremism and end the energy shortage. He assured that projects would be completed before the tenure of PM Nawaz Sharif is over.”
According to the statement, this is the largest ever portfolio approved by WB executive board in one month. The energy projects are expected to add over 10,000 MW to national energy basket.
Published in The Express Tribune, February 8th, 2015.