KARACHI: Measures adopted by the government to import Liquified Natural Gas (LNG) will help Pakistan mitigate energy crisis, said a known businessman of the country, Mian Shahid.
In a statement issued on Monday, he said LNG arrival would help address shortage of electricity as well as gas that are equally disturbing for domestic and commercial consumers.
The seasoned businessman said offer by China and Brunei to provide LNG to Pakistan reflected increasing trust of international community in the policies of the PML-N government.
Import of LNG will not only revive CNG sector with Rs 450 billion investments on stake but also provide millions of jobs besides combatting pollution, he said.
The developments underway are reflective of the fact that government is serious in fulfilling promise of resolving energy crisis which will pave way for a developed and prosperous Pakistan, he said.
Mian Shahid was also of the opinion that the government decision to initiate negotiations for import of LNG from Malaysia, Algeria,Nigeria and Trinidad was a wise move.
Pakistan has emerged to be a lucrative market for LNG suppliers and that TAPI initiative will have a positive impact on whole region,he said.