Prime Minister Shehbaz Sharif announced that the government has created a new policy that allows private businesses in Pakistan to directly purchase liquefied natural gas (LNG) from Qatar. He encouraged companies to take advantage of the low rates of LNG and assured that the government will provide facilities at the Karachi Port. The intention is for the private companies to use the gas for their own industries, rather than selling it on the market. Currently, Pakistan LNG Limited (PLL) is responsible for buying and distributing LNG, but they have struggled to secure shipments recently due to high energy prices. The Prime Minister also praised investors and industrialists, stating that Pakistan needs investment and must focus on promoting exports. He mentioned that the industrial zones being developed will bring modern technology and provide job opportunities. Additionally, he emphasized the importance of reducing production costs, especially electricity rates, to make Pakistani exports more competitive in international markets. The Prime Minister highlighted the need for establishing Special Economic Zones across the country for economic growth and expressed his desire for Chinese assistance in this endeavor. He also revealed plans to set up an interim government in August and enact legislation to improve the economy during their tenure.
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