PESHAWAR: Chief Minister Ameer Haider Khan Hoti on Tuesday said that his government planned to invest in hydel power generation, oil and gas exploration, tourism and mineral development to generate resources and enable the province stand on its own feet.
‘Internal security remains high on our agenda but our major thrust would be on investing in sectors that generate resources for us. This is very, very important for the future of our province,’ the chief minister told a news conference.
The chief minister lauded his government’s efforts for effectively pleading the case of the province with reference to the long-stalled issue of net profits from hydel power generation.
He was flanked by senior ministers Bashir Ahmad Bilour and Rahimdad Khan, Finance Minister Humayun Khan and NWFP representative in the National Finance Commission Haji Muhammad Adeel and former chief secretary Khalid Aziz.
The chief minister said that the federal government had agreed to pay Rs10 billion on account of NWFP’s liabilities towards Wapda, while the remaining Rs100 billion would paid in four equal installments over a period of four years.
He said that he had already directed all the concerned departments to complete their spadework and prepare feasibility reports to utilise the money in a proper way.
‘We better prepare ourselves, so that we don’t squander precious time,’ he said.
Mr Hoti said that his party leaders had struggled for provincial autonomy and provincial rights and termed the federal government’s decision to own Wapda’s liabilities as a big achievement.
He also thanked other political parties for their support in achieving provincial rights. ‘This is a major achievement but much remains to be done,’ he remarked.
‘At a time when we are in a state of war and need extraordinary support, not only did the federal government recognise our role but also supported us by giving what has long been our due right.’
He said that matter relating to the balance payment of Rs157 billion on account of mark-up and unpaid dues from 2006 to 2009 had been handed over to a technical committee.
He hoped that the matter would be resolved in two to three months time.
He said that the amount of net profits from hydel generation had been capped at Rs6 billion. It would be uncapped and worked out in accordance with the agreed formula, he added.
‘What we need to see is that now that financial space has been created, what will be our priorities,’ he asked.
He said that social sectors would not be sidestepped and much of the money would be spent on developing vital sectors to secure the future of the NWFP and expand its financial base.
He said that the NFC would meet in Karachi and then reconvene in Lahore to finalise its recommendations. The chief minister said that internal security would continue to be high on his government’s agenda and priority.
He pointed that the entire amount of Rs24 billion from the federal government was being spent on enhancing pay and packages of the police, giving them better arms, ammunition and equipment to meet their security requirements.
He said that the prime minister had agreed to announce a special package for Peshawar and southern districts of the NWFP amounting to Rs23 billion.
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