Pakistan cannot afford to spend twenty billion dollars annually on oil import.


Islamabad: Prime Minister Shehbaz Sharif has urged business community to focus on growth of export-oriented sectors like Information Technology and agriculture related industry.
He was chairing a meeting of a group of business community in Karachi to figure out a way forward to cope with the financial challenges facing the country.
The Prime Minister promised to develop Export Industrial Zones in all parts of the country where exporters would be provided facilities like necessary infrastructure and effective One Window Operation to resolve their problems.
Shehbaz Sharif also emphasized upon the need to develop solar and wind energy sectors for production of green and renewable energy. He said Pakistan cannot afford to spend twenty billion dollars annually on oil import.
Highlighting the government’s decision to ban import of luxury and nonessential items, he said it would save four billion dollars annually which is sufficient to finance annual import of palm oil.

Tributes pour in as boxing icon Ricky Hatton passes away
- 9 hours ago
Motorway M-5 shut down due to rising floodwaters in Multan
- 9 hours ago
Asia Cup 2025: India thrash Pakistan by seven wickets in big clash
- 10 hours ago

NATO states scramble jets after Russian drone violates airspace
- 10 hours ago

Nintendo Switch modder ordered to pay $2 million in piracy lawsuit
- 28 minutes ago

Family of three killed in GT Road crash near Gujar Khan
- 13 hours ago

Libya reaches deal with armed group to ease tensions
- 10 hours ago

FIA arrests six in crackdown on illegal currency networks
- 10 hours ago
Woman burned alive in Rawalpindi domestic dispute
- 9 hours ago

Is this the “sickest generation” in American history? Not even close.
- 13 hours ago
Google announces two new features for Gmail
- 9 hours ago

Our first look at the iPhone 17 Pro and 17 Pro Max
- 27 minutes ago