AIRLINK 80.60 Increased By ▲ 1.19 (1.5%)
BOP 5.26 Decreased By ▼ -0.07 (-1.31%)
CNERGY 4.52 Increased By ▲ 0.14 (3.2%)
DFML 34.50 Increased By ▲ 1.31 (3.95%)
DGKC 78.90 Increased By ▲ 2.03 (2.64%)
FCCL 20.85 Increased By ▲ 0.32 (1.56%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.11 Decreased By ▼ -0.14 (-1.37%)
HBL 117.85 Decreased By ▼ -0.08 (-0.07%)
HUBC 137.80 Increased By ▲ 3.70 (2.76%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.59 Decreased By ▼ -0.08 (-1.71%)
KOSM 4.56 Decreased By ▼ -0.18 (-3.8%)
MLCF 37.80 Increased By ▲ 0.36 (0.96%)
OGDC 137.20 Increased By ▲ 0.50 (0.37%)
PAEL 22.80 Decreased By ▼ -0.35 (-1.51%)
PIAA 26.57 Increased By ▲ 0.02 (0.08%)
PIBTL 6.76 Decreased By ▼ -0.24 (-3.43%)
PPL 114.30 Increased By ▲ 0.55 (0.48%)
PRL 27.33 Decreased By ▼ -0.19 (-0.69%)
PTC 14.59 Decreased By ▼ -0.16 (-1.08%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.75 Decreased By ▼ -0.75 (-1.11%)
SSGC 11.00 Decreased By ▼ -0.09 (-0.81%)
TELE 9.11 Decreased By ▼ -0.12 (-1.3%)
TPLP 11.46 Decreased By ▼ -0.10 (-0.87%)
TRG 70.23 Decreased By ▼ -1.87 (-2.59%)
UNITY 25.20 Increased By ▲ 0.38 (1.53%)
WTL 1.33 Decreased By ▼ -0.07 (-5%)
BR100 7,629 Increased By 103 (1.37%)
BR30 24,842 Increased By 192.5 (0.78%)
KSE100 72,743 Increased By 771.4 (1.07%)
KSE30 24,034 Increased By 284.8 (1.2%)
Pakistan

Govt urged to expedite work on IP gas pipeline

RECORDER REPORT LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) has urged the government to expedit
Published July 19, 2012

gas-pipe 400RECORDER REPORT

LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) has urged the government to expedite work on Pak-Iran gas pipeline to save the industry from a total closure and for revival of economic activities in the country.

The PIAF Chairman Sohail Lashari in a statement on Wednesday said that repeated warnings of the Sui Northern Gas Pipeline Company Limited (SNGPL) Managing Director about an acute shortage of gas in future is enough to make the point that the industry would in deep troubles in coming times therefore it is the duty of the government to take remedial measures.

He was of the view that the shortage of electricity and gas had already play havoc with the trade and industry while the numbers of the jobless are adding up with every passing day. He attributed the recent decline in exports and cut Foreign Direct Investment to the energy shortages and suggested to the government to avail alternate resources of energy generation. As per agreement, Pakistan is bound to buy gas from Iran by December 31, 2014 while it would have to pay penalty if it fails to do so therefore it would be wiser on the part of the government to expedite work on this mega project of national importance. He said that the business community was unable to understand that when the Iran has done its part of duty by spreading line up to Pakistan’s border what has stopped the government to initiate work on the pipeline, he added.

He said that if work on this project is initiated, it would not only give boost to the government image in the eyes of masses but would also ensure jobs to a large number of people as the pipeline would be passing through many remote areas where the unemployment graph is even higher when it is compared to the urban areas. He said that there are a number of hidden forces that are always active against the progress and prosperity and the government should foil their nefarious designs by starting work on Pak-Iran Gas Pipeline.

Lashari also urged the gas authorities to take stringent measure to overcome the gas pilferage as it would be doing a lot of help in ensuring regular supply of gas to the industry.

Comments

Comments are closed.