Islamabad: Islamabad Chamber of Commerce and Industry (ICCI) hails the decision of Pepco for exempting textile sector from power loadshedding and demands that it should be eased for all industries to save the industrial sector from irreparable losses.
The Government should reshape its policy of loadshedding and provide a chance to industry to flourish as local industrial units are running far below the required level due to growing power outages, Yassar Sakhi Butt, President ICCI has made these remarks during a meeting at ICCI.
ICCI President said that that most of the industrial units have reduced their working to single shifts from the previous three-shift system which has made the production process non-profitable. He said that decline in the industrial sector growth has been one of the major reasons of the lowest GDP growth rate of Pakistan in the region. Therefore uninterrupted power supply is needed for the industrial revival and to achieve sustainable industrial growth, he maintained.
He appreciated the decision of Pepco for exempting textile sector from loadshedding as export of value added textiles was considered to be a major foreign exchange earner of Pakistan. He emphasized that Government must announce such positive measures for other industries as well to reverse the current level of stumpy production that would ultimately give a clear road map for economic development in the long-term.
Yassar Sakhi Butt said that all the efforts should be made to enhance the power generation from the existing power plants because most of industrial units were entirely dependent on electricity but unfortunately long hours load shedding have negatively impacted their operations and even it has become difficult for them to survive in prevailing environment.
ICCI President stressed the Government to follow the recommendations and decisions of the second energy conference and ensure uniform load management across the country especially for industrial sector.
He said that our local industries have been facing strong competition at international markets from regional competitors where electricity cost is lower and manufacturers are also enjoying special exemption. He urged the Government to intervene and direct the concerned authorities to provide smooth electricity and gas supply to all industrial units.
For more information, contact:
Islamabad Chamber of Commerce and Industry
Chamber House, Aiwan-e-Sanat-o-Tijarat Road, Mauve Area, G-8/1,
Tel: +9251 225 0526 and 225 3145
Fax: +9251 225 2950