Finance ministry refutes misleading news on gas shortage

Islamabad: The Finance Ministry Wednesday categorically refuted the contents of a news item published in a section of the press on the gas shortfall and termed it as completely misleading and out of context.

A press statement issued by the finance ministry stated that the news—taking rounds on the internet regarding “Government couldn’t purchase gas Cargoes in time” is completely false and misleading.

The statement clarified that the government has been buying the gas as required, despite higher international prices.

The Adviser Finance had not mentioned at any point that winter gas shortfalls were due to non-procurement of LNG on time, the statement added.

It is also clarified that very little LNG was diverted to domestic gas consumers because of the high price differential and the gas shortages in winter which the country faces every year due to the depletion of local gas fields.

COURTESY: APP