PIAF urges govt to early overcome energy crisis

LAHORE: Pakistan Industrial & Traders Associations Front (PIAF) has demanded of the government to take immediate measures to overcome the ongoing severe energy crisis and also urged the opposition to play positive role on national issues.

While addressing at the meeting of PIAF Parliamentary Committee, Chairman PIAF Malik Tahir Javed said that government has to take measures on war footing to enhance the power generation because the situation was fast heading towards a point of no return. He said that business community was the biggest victim of prolonged power outages that were hampering the industrial production. He said that one hand masses in general and business community in particular are facing dreadful load shedding while repeated increases in tariff is adding fuel to the fire.

He said that if situation continues, it would be difficult to achieve economic targets set for the ongoing financial year while export-oriented industry would not be able to get full advantage of the opportunity of GSP Plus Status by the European Union.

Malik Tahir Javed urged the government to ensure early completion of water and hydropower projects on war footing as energy shortage was not only hampering the industrial production but was also a serious threat for economic growth.

Malik Tahir Javed said that business community hails the Nawaz Sharif government’s initiatives for power sector announced in the Federal Budget 2014-15 for power sector but desired results could be achieved only if all energy projects completed in shortest possible time.

He said that early completion of hydropower projects would not only ensure cheap and sufficient electricity but would also reduce water shortage.

He said that massive power cuts are impeding the export-oriented industrial production and if situation remains, dream of enhancing the exports would not come true. PIAF Chairman said that the consumers of the efficient distribution companies with lowest line losses and the highest recovery ratio should be treated fairly.

He said that business community has repeatedly warned the government of massive lay-offs and industrial closures if it fails to immediately stop power outages.

He said that the industry needs continuous supply of electricity to keep the units operational and to complete the export orders well- within the given timeframe but only because of the shortage of electricity the exports are not up to the mark.

The post PIAF urges govt to early overcome energy crisis appeared first on Pakistan Press International.

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