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Federation of Pakistan Chambers of Commerce and Industry expresses concern over energy shortfall

Islamabad, April 19, 2013 (PPI-OT): Mr. Shaheen Ilyas Sarwana, Acting President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed grave concern over the worsening situation of energy in all parts of the country – in particular the city of Karachi – with the onset of summer, and the resulting fallout on trade and industry.

Mr. Sarwana noted that it is no secret that Pakistan has been suffering from a serious energy shortage over the past few years, which has inflicted colossal damage on production and business activities throughout the country. However, in the past one week, the energy situation had worsened visibly, which has led to further problems for the business community in meeting export orders and fulfilling their trade commitments.

In particular, the city of Karachi was today witnessing a surge in load shedding, which had led to unfortunate interruption in business activity. The industrial areas of Karachi were now facing six to eight hours of load shedding, which was extremely counterproductive, since Karachi was the hub of business activity for the country, and the biggest port of Pakistan. This defied logic, because industrialists were always the first to settle their utility dues with the service provider, and this sector was not indulging in power theft.

Mr. Sarwana said that the Government must take urgent notice of the situation, and urged all stakeholders, including KESC and SSGC to resolve the matter of gas supply amicably, so that the problems confronting trade and industry could be averted.

He said that the business community of Pakistan was already functioning under severely problematic conditions, such as bad law and order, cutthroat competition in international markets and a general state of political and social instability. The added strain of deterioration in the energy situation would deal a further blow to these conditions, and cause further discontent among the businessmen of the country.

For more information, contact:
Syed Masood Alam Rizvi
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Shahra-e-Firdousi,
Karachi-75600, Pakistan
Tel: 0092-21-35873691, 93-94
Fax: +9221 3587 4332
Email: info@fpcci.com.pk
URL: www.fpcci.com.pk

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