Economy growing as diesel, petrol demand rises, says Hammad Azhar

Author:

Minister for Energy Hammad Azhar has said that the economy is witnessing robust growth, expressing the confidence that it may be even higher than last year. In a tweet on Thursday, Hammad Azhar said that demand for high speed diesel has increased by 26 percent whilst petrol consumption has risen by 14 percent during the first quarter (July-September) of current fiscal year 2021-22. He said similarly, electricity consumption has risen by 13 percent during this calendar year. While quoting the above figures on his Twitter handle, Hammad said, “All signs of robust economic growth that may be even higher than last year’s.” Earlier on Wednesday, addressing the International Conference on Pakistan Hydropower Sector, the energy minister underscored the importance of hydroelectric power for the development of the country to end reliance on costly imported fuels and promote clean and green hydro energy, said Minister of Energy Hammad Azhar. “The government has declared this decade as the Decade of Dams,” he said. “The leadership is according top priority to building more dams to not only improve the share of hydropower in the energy mix, but also help secure more water for the agriculture sector.”

Share
Leave a Comment

Recent Posts

  • Entertainment

The Last Episode of ‘Ishq Murshid’’ Screened in Cinemas

HUM TV’s famous drama ‘Ishq Murshid’, that won the approval of not only the local…

7 hours ago
  • Pakistan

Winterland Begins Epic Season: Celebrities, Thrills, and Chills Abound

Winterland, Pakistan's one-and-only snow-themed adventure park - with new rides and a spectacular new experience…

8 hours ago
  • Business

BMP for lowering production cost to promote industrialization, enhance exports

The Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) Businessmen Panel (BMP) has called…

18 hours ago
  • Business

‘Govt should withstand resistance to broadening tax base’

The tax evaders and black economy mafia bosses are putting a strong resistance to the…

18 hours ago
  • Business

PFC to take part in Riyadh Intel expo

Pakistan Furniture Council (PFC) will take part in a 3-day Riyadh international expo starting from…

18 hours ago
  • Business

PPL Adhi Field’s operational parameters, safety protocols inspected

Chairman of Oil and Gas Regulatory Authority (OGRA) Masroor Khan, along with Mr. Zain-ul-Abideen Qureshi…

18 hours ago