BR100 Increased By (1.77%)
BR30 Increased By (1.96%)
KSE100 Increased By (1.59%)
KSE30 Increased By (1.65%)
BECO 5.62 Increased By ▲ 0.04 (0.72%)
BML 59.51 Decreased By ▼ -1.71 (-2.79%)
BOP 34.61 Increased By ▲ 0.93 (2.76%)
CNERGY 8.08 No Change ▼ 0.00 (0%)
DCL 12.05 Increased By ▲ 0.41 (3.52%)
FCCL 54.40 Increased By ▲ 2.26 (4.33%)
FCSC 5.52 Decreased By ▼ -0.11 (-1.95%)
FFL 18.05 Increased By ▲ 0.04 (0.22%)
FNEL 1.33 Decreased By ▼ -0.02 (-1.48%)
HUMNL 11.07 Increased By ▲ 0.03 (0.27%)
KEL 8.05 Increased By ▲ 0.21 (2.68%)
KOSM 5.88 Increased By ▲ 0.15 (2.62%)
MLCF 90.52 Increased By ▲ 4.01 (4.64%)
NBP 190.17 Increased By ▲ 5.87 (3.19%)
PACE 11.53 Decreased By ▼ -0.12 (-1.03%)
PAEL 41.07 Increased By ▲ 1.11 (2.78%)
PIAHCLA 25.84 Increased By ▲ 0.17 (0.66%)
PIBTL 17.51 Increased By ▲ 0.24 (1.39%)
PPL 225.84 Increased By ▲ 3.17 (1.42%)
PRL 34.63 Increased By ▲ 0.17 (0.49%)
PTC 64.62 Increased By ▲ 0.88 (1.38%)
SEARL 91.38 Increased By ▲ 0.92 (1.02%)
SSGC 26.97 Increased By ▲ 0.30 (1.12%)
TELE 8.93 Increased By ▲ 0.02 (0.22%)
THCCL 69.16 Increased By ▲ 0.69 (1.01%)
TPLP 10.90 Decreased By ▼ -0.30 (-2.68%)
TREET 24.64 Decreased By ▼ -0.06 (-0.24%)
TRG 69.78 Decreased By ▼ -0.81 (-1.15%)
WAVES 11.16 Increased By ▲ 0.05 (0.45%)
WTL 1.27 No Change ▼ 0.00 (0%)

The Lahore Chamber of Commerce & Industry has strongly condemned the Moodi's threat to stop every drop of water for Pakistan saying that this ugly statement of Indian Prime Minister has proved the opponents of Kalabagh Dam are actually safeguarding the Indian interests and are fully involved in the conspiracy to harm Pakistan.
In a statement issued here, the LCCI President Abdul Basit, Senior Vice President Amjad Ali Jawa and Vice President Muhammad Nasir Hameed Khan said that threat of Indian PM has entirely cleared the intensions of India. Government should not only raise this issue at international level but should also start construction of Kalabagh dam without wasting more time. They said that this matter should be taken very seriously, government should take strict action against Indian threat to Pakistan and it should be cleared to India that Pakistan would go to any extent for its right.
"Any laxity by the Pakistani side would encourage India to implement its threat that would turn country into a desert and we would be left with no other option but to import commodities to feed huge population", they added.
The LCCI office bearers urged government to ignore anti-Pakistani elements on Kalabagh Dam and start its construction immediately as any further delay would be as like as to protecting the Indian interests.
They added that water resources in Pakistan are depleting rapidly and we cannot afford to waste huge amount of water to the sea. They said that Kalabagh Dam is the most feasible project for national economy that could be completed within five years.
They said that around $13 billion would be required for only construction of Bhasha dam while other expenses of billions would also be occurred besides the cost. For example, they said, around 150km area of Karakrum High way would have to be reconstructed with the cost of $6 to 7 billion and hundreds precious lives. They said that around $3 billion more would be required for transmission line from Bhasha to national grid. They said that collectively more than $20 billion would be required for construction of Bhasha dam.
They said that Kalabagh Dam would produce 3600 MW of electricity annually at the cost of only Rs 2.50 per unit while after the time span of 5 years, when Kalabagh Dam will bring back its construction cost, it would produce electricity at the rate of only Rs 1 per unit and country would save $4 billion annually in the account of electricity production. They further said that one million acre feet saved water gives benefit of around $2 billion to the economy. They said that Kalabagh dam would give benefit of $14 billion to the national economy as its water storage capacity would be 7 million acre feet. They urged the government not to consider the Indian agents and start construction of Kalabagh dam immediately.

Copyright Business Recorder, 2016

Comments

Comments are closed for this article.