Interim federal ministers hold presser over load-shedding, financial issues

ISLAMABAD: Interim federal ministers on Tuesday claimed four reasons have come forth for frequent load-shedding in the country.

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“We have the capability to generate 28,000MW of electricity,” the caretaker federal ministers said while addressing the media in Islamabad.

“While we have the capability to generate electricity we are unable to do so owing to four reasons,” Ali Zafar said who has been given portfolio of the Ministry of Law and Justice as well as Ministry of Parliamentary Affairs and ministry of information in the interim cabinet.

“The four reasons are electricity production falling short of demand, technical faults, water shortage and transmission losses,” Zafar explained.

He added, “If there is water in dams and all power plants are running to their full capacity then we can produce 28,00MW of electricity.”

“The demand for electricity is a lot more than supply,” he asserted.

The interim federal minister also stressed the need for masses to have access to information.

Zafar also vowed to not compromise on Pakistan’s security and said, “Will fully support the Election Commission of Pakistan for a free and fair election.”

Increase in petroleum prices follows a certain formula: Akhtar

Further, former governor of State Bank Shamshad Akhtar who has been appointed finance minister and planning minister in the caretaker setup, explained the reason for a Rs4.26 per-litre rise in petrol prices.

“The increase in petroleum prices follows a certain formula,” she said while addressing the presser.

“Oil prices are determined by global prices,” Akhtar added.

She further said, “All governments have to adjust petroleum prices.”

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