Pakistan may import power from India

Despite pressure from certain quarters, especially from the powerful Pakistan military, the Nawaz Sharif-led government has on principle decided on importing electricity from India, a move for which both sides had almost completed the homework. 

According to a study, the cost of electricity to be imported from India by Pakistan worked out to around US 10 or 11 cents per unit.

According to Mail Online, Pakistan was also all set to give India the status of Most Favoured Nation (MFN) soon.

Ahead of the recently-held elections, which he won, Nawaz Sharif had promised, he would try to strike a balance between Pakistan's relationship with India and China.

While he had asked his team to go ahead with the completion of the high standard road and railway track connecting Pakistan with China through the ancient Silk route, to give China safe passage to Pakistan's strategically important deep sea water port of Gawadar, he was also furthering ties with India by engaging it in a business deal that would most likely improve the power situation.

Sharif's younger brother Shahbaz Sharif, the chief minister of Punjab, was also following in his brother's footsteps when it came to the relationship with India.

Meeting with a delegation of Indian businessmen earlier this week, Shahbaz Sharif admitted Pakistan was faced with a serious energy crisis which had hugely harmed its economy and sought India's cooperation.