Prime Minister Imran Khan on Friday announced that Pakistan has signed a new liquefied natural gas (LNG) import agreement with Qatar for ten years, which will help the country save $ 300 million dollars annually. He said it took the government three years to negotiate this agreement.
The Prime Minister announced this while performing the groundbreaking of Central Business District in Lahore on Friday. Addressing a ceremony on the occasion, the Prime Minister said the project will serve as a business hub that will help generate Rs 6000 billion. In the first phase of the project, it will generate Rs 1300, through which the government will get Rs 250 billion in taxes.
The Prime Minister stressed that wealth generation projects are important to strengthen the economy enable it to return loans.
He said that the incumbent government inherited a difficult economic situation from past governments, adding that the country went through a period of “darkness.” However, he expressed satisfaction at the country’s current economic standing and appraised the potential of its industries. Pakistan’s textile exports are also witnessing increase and new industries are being set up in the country, he pointed out.
Referring to Naya Pakistan Housing Project, the Prime Minister said this will provide affordable houses to the salaried class and the labourers.
During his Lahore visit, the Prime Minister also met with Chief Minister of Punjab Usman Buzdar and chaired a number of important meetings.