Pakistan will save the country $300 million on LNG, says PM

Lahore: Prime Minister Imran Khan declared on Friday that Pakistan had signed an agreement on the import of liquefied natural gas (LNG) to help save the country $300 million annually.

While addressing in Lahore at the groundbreaking ceremony of the Central Business District ceremony, Khan declared that the PTI’s government had been making efforts to negotiate the agreement since 2020.

“If the nation has a tough time, the government has to learn of ‘out-of-the-box’ ideas,” he said. “Pakistan has gone through a decade of gloom,” he said.

Regarding the LNG agreement with Qatar, the Prime Minister said he was pleased to declare that Pakistan would save $300 million per year as a result of the agreement.

The Premier said that Pakistan met with a challenge of fiscal deficit that required it to take international loans owing to a decline in the country’s reserves and a loss in value in its currency.

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