The National Assembly was informed today that the government has taken a number of initiatives to reduce the burden of electricity prices on consumers.

Parliamentary Secretary for Power Division Aamir, Talal Khan told the House during the Question Hour that the initiatives include negotiations with the Independent Power Producers (IPPs).

He mentioned the termination of contracts with five IPPs, emphasizing that the process with other IPPs is continuing.

Responding to a Calling Attention Notice in the House, Minister for Petroleum Musadik Masood Malik said a tender has been floated for an additional LNG cargo in January, considering the high demand for gas next month.

However, he mentioned that the LNG, currently being purchased under the term contract, is in surplus in the country.

The Minister said five LNG cargoes from Qatar, which were to be procured this year, will now be purchased next year. Additionally, he said that negotiations are underway with a company for the deferment of five LNG cargoes next year.

The House will now meet again on Monday at five p.m.