Energy crises: PM announces formation of Govt-industry Energy Council

Prime Minister Syed Yusuf Raza Gilani on Sunday terming energy as an essential driver of countrys economy announced formation of a Government-Industry Energy Council to address countrys energy issues and make far-reaching reccomendations for the government. Addressing the inaugural session of the three-day Energy Conference convened to highlight key energy issues confronting the country and suggest possible solutions, Gilani said the government cannot tackle the energy related issues single handedly and needs assistance of the industry to move forward. Gilani while endorsing Petroleum Institute of Pakistans role as a permanent member of this council, urged the major players of the industry to come forward and play a befitting role in countrys development and economic prosperity. He said a team effort was required for a mutually rewarding and strategic partnership between the government and the energy sector as he firmly believed that the industry was capable of turning the tide and delivering results. Gilani also expressed the hope that the foreign investors and participants would facilitate technology transfer, fom international joint ventures, and bring foreign investment to Pakistans energy industry.

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