Masses being misguided on the CNG issue
Energy ministry aims contrary to national interests
Islamabad: [Jan 18 ]
The Pakistan Economy Watch (PEW) on Wednesday said masses are being misinformed on the issue of compressed natural gas (CNG) to benefit few influential.
Present CNG consumption in country is not more than 8 per cent but those who want to relieve masses of their hard-earned money have targeted it, it said.
Import of any alternative fuel will cost additional billions as far as modifications of vehicles, establishing new filling stations, industrial units for conversion and reconfiguration of while system is concerned, said Dr. Murtaza Mughal, President of the PEW.
Import will also eat up huge foreign exchange which is badly needed in the country, he added.,
Dr. Murtaza Mughal said CNG sector is facing a planned conspiracy while those who matter are behind unethical allocation of gas.
He informed that 600 mcf gas per day is being provided to two power stations owned by an influential politician which is 15 per cent of the total production—almost double than the total consumption of CNG.
Merit is being ignored in provision of gas to the power producers which is sending very wrong signals, he noted.
Dr. Murtaza Mughal said that masses have a right to know the names of all stakeholders in one of the biggest fertiliser plant in the country which was allowed to commence operations despite shortage of gas.
Who allowed establishment of such a huge project and who are the beneficiaries leaving shares of other companies worthless, he questioned.
Additionally, he said, masses must know that what happened to the plan to import LNG; how a company become bankrupt and who made masses pay for the failure of a well-connected industrialist.
He said that ministry of energy should accept incompetence and mismanagement. It should stop misguiding masses to ensure smooth flow of their plans that are opposite to the national interests.
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Dr. Murtaza Mughal
Cell: 0321-5157671
President Pakistan Economy Watch
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