October 2, 2023

Governor SBP’s appointment concession obtained through difficult negotiations with IMF: Hamad Azhar

He said that the number of ICU admissions in hospitals has increased by 30%.

Cabinet meeting_imran khan

Cabinet meeting_imran khan _ File Photo

Briefing the media along with Information Minister Fawad Chaudhry after the meeting of the Federal Cabinet in Islamabad, Federal Minister Hamad Azhar said that we have faced shortage of gas in Karachi in winter, the main reason being that some 1800 or so in Karachi. There are 1900 general industries which are not exported and in winter they are given gas to domestic consumers by shutting off the gas for one month or one and half month but this time they took stay from Sindh High Court and then the series of dates started. ۔

He said that it is about 100 MMCFT gas which will be significantly improved if the consumers of Karachi get it.

He said that there is another date in the court tomorrow where our lawyers will present the whole situation, as the first priority of the government is domestic consumers, followed by other sectors and it is hoped that the court will end the stay by approving the appeal of Sui Southern Gas. And it will improve Karachi.

Talking about the legislation related to the SBP, he said that the opposition had tried to make the debate controversial on this issue but considering the facts, they were different.

He said that after this law, Pakistan would not be as independent as the central banks in Europe, America and all over the world.

He said the data showed that in countries where the independence of the SBP was ensured, inflation was declining and economic growth was continuing.

Hamad Azhar said that according to this law, the board of SBP will be appointed by the federal government and the board may remove the governor of the bank. The governor, deputy governors and the board of directors will also be appointed by the federal government.

He said that even three or five years ago there was a law in the last 50 years, the Pakistan Tehreek-e-Insaf (PTI) government has given the authority to appoint the board to the federal government. Received after negotiations.

Giving a briefing on the Cabinet meeting, Information and Broadcasting Minister Fawad Chaudhry said that first of all a briefing was given on the situation of Omicron and the number of cases has reached 5,000 daily ie 2.5 times increase.

He said that the number of ICU admissions in hospitals has increased by 30%.

He said that the SBP bill would be presented in the Senate soon and passed.

Fawad Chaudhry said that there should be no conflict of interest in the appointment of members of the Senate and National Assembly committees, ie the members who are involved in business related to the relevant committee should not be part of this committee as we have seen that such People who work in communications and IT come to IT committees, which leads to conflicts of interest.

He said that the annual report of National Electric Power Regulatory Authority (NEPRA) was presented on time for the first time in 24 years. Stands on top

He said that since the Islamabad High Court had ruled on the Naval Golf Course, the government was bound to implement the judgment till the court suspended its judgment.

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