The following warnings occurred:
Warning [2] count(): Parameter must be an array or an object that implements Countable - Line: 802 - File: showthread.php PHP 7.4.29 (Linux)
File Line Function
/showthread.php 802 errorHandler->error





Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Power outages perturb industry
10-15-2008, 06:57 AM
Post: #1
Power outages perturb industry
LAHORE: Lahore Chamber of Commerce and Industry has expressed concern over non-provision of electricity to the industrial sector despite withdrawal of subsidy and steep upward revision in tariff, saying severe shortage of power is giving a bad name to the government.

In a statement issued here on Tuesday, LCCI President Mohammad Ali Mian said the government had withdrawn the subsidy on electricity besides making an upward revision in its tariff on the pretext of making payments to Independent Power Producers (IPPs) but despite huge payments no let-up in power outages was in sight.

He said the crisis appeared insurmountable in the near future, unless proper understanding and correct implementation was done on priority.

At present, total power generation capacity of the country is about 17,000 megawatts but only 10,000MW is being produced against the demand of 14,000MW, causing a shortfall of about 4,000MW. That called for emergency measures on the part of government to explore all avenues of power generation, he said.

He urged the government to explain the reasons behind the deepening energy crisis, which took trade deficit to above $5 billion in the first quarter of 2008-09.

The LCCI president said the whole industrial sector in general and the export-oriented industry in particular were on the decline and had lost export orders worth millions of dollars only because of energy shortage.

On the one hand, he said, the country was losing much-needed foreign exchange while on the other the menace of unemployment was rearing its head and staring in the eyes of government.

http://www.thenews.com.pk/daily_detail.asp?id=140988
Quote this message in a reply
Post Reply 


Messages In This Thread
Power outages perturb industry - Naveed Yaseen - 10-15-2008 06:57 AM

Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Pakistan’s Cement Industry Reports Slight Increase LRE-Azan 0 954 02-08-2023 06:44 PM
Last Post: LRE-Azan
  Real Estate Industry in Pakistan Needs Tax Reforms for Growth and Prosperity LRE-Azan 0 1,088 01-20-2023 06:53 PM
Last Post: LRE-Azan
  Shahbaz Sharif for promoting investment, industry Salman 0 4,953 06-24-2013 11:38 AM
Last Post: Salman
  No industry allowed in residential areas: LDA Salman 0 4,420 02-15-2012 01:24 PM
Last Post: Salman
  Mutual funds industry crosses Rs 300bn mark Salman 0 3,967 12-21-2011 01:25 PM
Last Post: Salman
  Township industry warns of protest against outages Lahore_Real_Estate 0 4,086 09-30-2011 05:40 PM
Last Post: Lahore_Real_Estate
  ICCI President urges development of recycling industry Lahore_Real_Estate 0 3,872 08-08-2011 02:31 PM
Last Post: Lahore_Real_Estate
  Gas supply to Punjab industry suspended Lahore_Real_Estate 0 4,108 12-13-2010 01:31 PM
Last Post: Lahore_Real_Estate
  Poultry industry suffered Rs eight billion loss due to floods Lahore_Real_Estate 0 4,291 10-28-2010 03:16 PM
Last Post: Lahore_Real_Estate
  KARACHI: Revision in property valuation to hurt construction industry Lahore_Real_Estate 0 4,912 07-19-2010 12:51 PM
Last Post: Lahore_Real_Estate
  Problems of Giddani Ship Breaking Industry Labour LRE 1 6,256 07-09-2010 05:31 PM
Last Post: LRE
  Govt. urged to not create hurdlers for trade and industry; PIAF LRE 0 3,649 05-13-2010 05:55 PM
Last Post: LRE
  Yamaha to invest $15 million in motorcycle industry Lahore_Real_Estate 0 4,301 03-27-2010 11:51 AM
Last Post: Lahore_Real_Estate
  Agro Based Industry can Generate Billions of Dollars LRE 0 4,461 02-03-2010 11:54 AM
Last Post: LRE
  Leather Industry Suffering LRE 0 4,192 01-27-2010 11:39 AM
Last Post: LRE
  Lahore: Massive power outages hit City again LahoreEstate 0 4,536 12-20-2009 10:33 AM
Last Post: LahoreEstate
  ABAD seeks govt support to revive construction industry LahoreEstate 0 3,339 12-16-2009 10:24 AM
Last Post: LahoreEstate
  Cottage Industry & Pakistan LRE 0 5,532 12-15-2009 09:32 PM
Last Post: LRE
  Karachi: Housing industry demands affordable financial assistance LahoreEstate 0 3,608 11-21-2009 04:52 AM
Last Post: LahoreEstate
  Housing industry demands affordable financial assistance Naveed Yaseen 0 3,310 11-20-2009 09:06 AM
Last Post: Naveed Yaseen

Forum Jump:


User(s) browsing this thread: 3 Guest(s)