ISLAMABAD – All Pakistan CNG Affiliation (APCNGA) central chairman Ghiyas Abdullah Paracha on Tuesday recommended the federal government to extend the import of liquefied pure fuel (LNG) as presently its costs in worldwide markets had been on the lowest stage. “Imported LNG has become cheaper than the locally-produced natural gas. So it will be better to import more and more gas,” he stated in a press launch. Within the prevailing world market developments, he stated the federal government ought to promote LNG and waive of customs responsibility on its import, including “there should be limit on local production to save billions of dollars.” “Such a decision will help save precious and scarce resource of gas which can be used in case the LNG price jumps up in the international market.” Paracha stated elevated import of LNG would assist scale back the worth of fuel with out spending a hefty quantity on subsidies. “It will also result in availability of economical gas and electricity, giving a boost to economic activities and creating job opportunities for unemployed youth.” He requested the federal government to scale back the CNG sector taxes because the business was passing by tough occasions, and sought a bailout bundle for the CNG business.
