LAHORE  - Punjab Chief Minister Muhammad Shahbaz Sharif has said that if Britain wants to help Pakistan steer out of energy crisis, it should provide long-term loans to our industrialists and investors for installing electricity plants in the country.

He was delivering presidential address at Pak-UK energy conference in London Friday. The conference was held at the historic building of Foreign Ministry and Commonwealth which was attended by members British Parliament, diplomats, senior officials and prominent investors. Besides Chief Minister Punjab, Federal Ministers Kh. Muhammad Asif and Ishaq Dar also addressed the conference. Provincial Energy Minister Ch. Sher Ali was also present on the occasion.  Shahbaz Sharif said that Prime Minister Nawaz Sharif has saved the country from permanent darkness by paying circular debt of Rs 450 billion. He said that we have a number of projects to rid the country of loadshedding and they are being pursued vigorously.

The Chief Minister said that he and his team are visiting various friendly countries for getting cooperation in the efforts to overcome energy crisis. He said our government knows that unless energy crisis is eliminated, the dream of agriculture and industrial development in Pakistan will not materialise.

Shahbaz Sharif said that we did not request any country of aid but demanded for technical cooperation and investment in Pakistan.  Addressing the conference, Federal Finance Minister Ishaq Dar said that after induction of PML-N government, the position of Pakistan has improved considerably according to the statistics of international institutions. Federal Minister for Power Kh. Muhammad Asif said that increase in energy production as well as its conservation is our priority. British Minister Saeeda Warsi and Lord Speaker for Trade, Lord Tariq Ahmad also addressed the conference. The speakers paid rich tributes to Punjab Chief Minister Muhammad Shahbaz Sharif for his efforts in energy sector.