Chief minister Punjab took wise decision by hosting energy conference: LCCI

The Lahore Chamber of Commerce and Industry on Monday appreciated the Chief Minister Punjab Mian Mohammad Shahbaz Sharif for advocating the energy case very properly and wisely. The LCCI President Irfan Qaiser Sheikh said that the CM Punjab has taken a wise decision by hosting second energy conference in the province where the Prime Minister and all the Chief Ministers participated and gave points to how overcome the energy shortage.
Irfan Qaiser hoped that the conference would help enable the government to find out a lasting solution to the prevailing energy crisis across Pakistan in near future as the delay to the energy and gas crisis was hitting the entire trade and industry. He said that there should be a rationale formula for the distribution of the energy in the country. "If there is any shortage in the country, it should be distributed equally amongst the provinces."
He said that there has been a competition within the country as Karachi being the largest industrial city has no electricity and gas load shedding whereas in Lahore that is a second largest industrial city, there is an electricity load shedding of 12 hours a day for the industry while it has been deprived of 80 days gas in the last 95 days. Therefore, an equitable electricity distribution formula needs to be devised accordingly. He said that this is perhaps the only example in the world that in any country the difference in cost of doing business is almost double in the second largest industrial city as compared to the first one.