The Lahore Chamber of Commerce & Industry has urged the government to improve power transmission and distribution system with its own resources to avoid huge power shut downs. LCCI President Malik Tahir Javaid said that country has witnessed some massive power shut downs that plunged country into darkness. It is a good sign that government is well aware of the rising demand of electricity and working on a number of power projects days and nights but government should also be aware of the fact that existing power distribution system cannot bear the load of additional power.
He urged the government not to tolerate any laxity towards the up-gradation of power transmission and distribution system as any negligence could cause unbearable loss to the trade, industry and economy. He also urged the government to ensure early completion of ongoing power projects.
The LCCI President said that business community does not have any doubts about the seriousness of present regime in solving the energy crisis as it has already started a number of power projects but there is a dire need of their completion in the shortest possible time as an acute shortage of electricity is hitting the economic activities hard.
He said that timely completion of hydropower projects was vital for mitigating water and power shortfall. Due to longer hour power cuts the investment scenario is being spoiled in the country and so much so existing industrial units have curtailed their productions, he added.
Malik Tahir Javaid said that government should exploit all available options to stop unscheduled power cuts which are hitting the economic activities hard. He said that prolonged power outages in the industrial areas are jacking up the graph of unemployment particularly hitting the daily wagers hard.
He said that the most of industrial units had already reduced their working hours. This had led to increased level of raw-material wastage and making production process non-profitable. Now the leading industrial units were experiencing losses despite being managed professionally.
Senior Vice President Khawaja Khawar Rashid and Vice President Zeshan Khalil said that unemployment and industrial closures always give birth to lawlessness and anarchy. The private sector is engine of the growth and in the developed countries it is facilitated to the maximum but in Pakistan circumstances are quite the other way round.
They said that promotion of alternate energy resources could definitely curtail the burden from conventional energy system therefore the government should bring down duties and taxes on the equipment being used for power generation through alternate energy resources.
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