'Coal reserves enough to meet energy needs for 350 years'
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20/02/2008
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Business Recorder
Advisor to caretaker Prime Minister and Chairman, Pakistan State Oil (PSO), Sardar Yaseen Malik, has said that Pakistan has enough coal reserves to meet its energy requirement for the next 350 years. Speaking at a reception, hosted by Honorary Consul General of Albania Zafar Ansari, he said that the government was working on various alternative energy projects to meet the energy requirement. Referring to the PSO, he said that the PSO was meeting around 70 percent oil requirement of the country and its daily sale on working days was around Rs 1.5 billion. He said that PSO was the first company, which had introduced sale of petrol on credit cards, while this facility was still not available in India. Speaking on the occasion, Managing Director of Karachi Water and Sewerage Board (KWSB) Ghulam Arif Khan said that KWSB was facing financial crunch due to non-payment of water bills by the government department, private sector and general public. He said that City Nazim Mustafa Kamal had provided Rs 27 billion from the CDGK, which were utilised to change or lay new water and sewerage lines in the city. Referring to Clifton area, he said that this area was developed more than 30 years ago and it was provided around five million gallons of water per day. Now water supply had been increased to 10 million gallons per day. Speaking next, S.M.Munir said that election process had been completed, the political parties should give up their political differences and work for the betterment of general public. Honorary Consul General of Mozambique Khalid Tawab said the general public was facing a number of problems due to ever-increasing prices of goods, and added that the new government should work for improving living standard of general public. Copyright Business Recorder, 2008