$25 trillion Thar coal reservation Fate of Pakistan could be changed: PEW F.P. Report: The Frontier Post

Islamabad: Pakistan Economy Watch (PEW) has said that the coal deposits in Thar can change the fate of Pakistan if utilized in a proper way. It can save oil import bill, reduce unemployment and help strengthen economy, rupee and forex stocks. In a statement issued here Monday, Dr. Murtaza Mughal, President of Pakistan Economy Watch said that 185 billion tones of coal worth 25 trillion dollars can not only cater for electricity requirements of whole country for next 100 years but also save almost four billion dollars in staggering oil import bill. "The project which is in limbo since a decade can help thousands of households by providing employment and help save oil import bill by $4-4.50 billion and help forex reserves to swell. It will also stabilize sliding rupee," he said. He said the coal power generation will cost Pakistan 5.67 rupees per unit while power generated by Independent Power Projects cost Rs 9.27. There is a remarkable difference that will certainly life economy of the country and will provide a break to poor. Dr. Murtaza Mughal said that the German, Chinese and other companies have not only carried out surveys and fusibilities of this project but also offered 100 percent investment in last 7-8 years but the petroleum barons always discouraged them in a very systematic way. He demanded a probe into the matter as some elements deprived people of Pakistan from cheap source of energy for too long in their own interest.

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