ISLAMABAD - Federal Minister for water and power and Defence Khawaja Asif said on Friday that the government was facing losses worth Rs1 trillion annually owing to power outages .

The minister, while talking to the media outside the Parliament House on Friday, said that the menace of loadshedding is unlikely to end this year. He said the government was taking strict action against electricity thieves, therefore, line losses have also been decreased considerably.

He said that Khyber-Pakhtunkhwa and Punjab had promised to clear their outstanding power bills of the Ministry of Water and Power by end of June.

However, he alleged that the Azad Kashmir and Sindh governments were not cooperating with the ministry to clear their outstanding dues.

He disagreed with a recent statement from the International Monetary Fund (IMF) that Pakistan would take ten years to end loadshedding. Talking about defaulters, he categorically rejected that any of the defence institutes of the country had any outstanding bills.

Khawaja Asif hoped that earlier closure of markets would save around 25MW electricity. He said that provinces were requested to help in earlier closure of markets so that electricity could be saved. The minister said that PML-N was committed to meet its promise of ending loadshedding and in this regard all necessary measures were being taken.

He claimed the government will construct Dasu Dam from its own resources and Rs25 billion has been released for construction of the Diamer-Bhasha Dam.

Briefing about the details of project, he said that land acquisition is about to be completed.

He informed that some donor agencies had also expressed their interest to finance the project.