Governer Sindh confirms foreign investment worth $20billion from friendly countries
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Governor Sindh Kamran Tessori has said that in the coming months, foreign investment of 20 to 25 billion dollars is expected from friendly countries.
Efforts are being made to provide relief to the public through the IMF program, and the dollar is expected to decrease further. Along with foreign investment, many relief measures will be implemented.
After meeting with business leaders in Karachi, he spoke to the media, stating that efforts are being made to support Pakistan's economy, and we all want the economy to thrive and provide comfort to the common people. At this time, we are stuck in the IMF's web, and despite our desire, we are unable to provide relief to the public.
However, the government is making efforts to provide relief to the public through the IMF program. I said two days ago that the dollar will drop below 300, and now the dollar is expected to drop even further. A significant investment of 25 billion dollars from friendly countries is on the horizon in the next few months, which will bring us many relief measures.
Provincial Minister for Energy Mohammad Ali mentioned that in the past two weeks, we have seen the dollar decreasing. Crackdowns against smuggling are underway, electricity theft cases are being pursued, and transfers of officers involved in electricity theft are happening. Due to electricity theft, people are receiving inflated bills. In the future, efforts are being made to control electricity rates and stop electricity theft.
Discussions have taken place with Pakistani business leaders to run the industry. New tariffs will be introduced before October 31 to provide cheap electricity to the industry, especially during the winter. Extra gas will be supplied to run industries during the cold season. The government is making every effort to reduce electricity prices.
