Pakistan Businessmen and Intellectuals Forum (PBIF) Friday hailed the government’s decision to lift moratorium on new gas connections.
The decision would help masses to get new connections while trigger economic activities across the country. Therefore, it would go down very well with the business community, President of PBIF Mian Zahid Hussain said.
He said the decision would benefit many sectors of the economy including urea, textile, general industry, power sector and the CNG.
He said the government had initiated serious efforts to import gas from Iran and Turkmenistan, while deal to import LNG from Qatar was also finalised by the incumbent government.
Presently, one LNG terminal with capacity of 600 mmcfd is operational while another terminal with the matching capacity will start commercial operations within a few months, boosting supply of gas to 1200 mmcfd, reducing gas crisis substantially.
He informed that ban on new gas connections were imposed in 2011 which resulted in many problems.
The latest decision would not only help roll the wheels of the economy but will also increase the revenue of gas companies, he said.
