Islamabad: The government has decided to launch a program across the country, with the aim of replacing fans with energy efficient electric fans in order to reduce electricity consumption.
According to a statement by the Ministry of Finance, Finance Minister Muhammad Aurangzeb presented a high -level meeting Monday to revise the progress of the Prime Minister’s Prime Minister’s replacement program, which was involved by Minister Power Awais Leghari, a government official.
The purpose of the meeting was to review and accelerate the start of the program.
Participants have reviewed the progress shared by the National Energy Efficiency and Conservation Authority (NEECA) on progress in terms of completing the basic conditions – including the finalization of agreements with the participating banks, the completion of the banking systems and the facilitating role of the Information Company Innovative solution for rapid application.
The Minister of Finance emphasized the importance of promoting energy efficiency, promoting economic initiative and contributing to economic stability.
‘The program[me] It has the potential to positively influence consumer behavior, reduce energy consumption and provide a wider economic benefit, “the minister said.
Senator Aurangzeb appreciated the active participation and fascinating efforts of all stakeholders – especially in the banking sector – in promoting this vital national initiative.
It directs to complete all the necessary actions within the next two to three weeks in order to be able to start the first phase of the program, along with the initial lot of participating banks, by the end of the month.
The meeting ended with the participants confirming their commitment to the timely and smooth implementation of the program, aligning with the government’s broader goals for financial and energy reforms.
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