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FPCCI demands immediate restoration of power supply
31
Dec '12
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded that the Government should immediately restore power supply to all the industries in Punjab, including the textile industry.
 
Addressing media, FPCCI Punjab Chairman Abdul Waheed Sandal and Vice President Azhar Majeed Sheikh said gas supply has been stopped to 80 percent of industrial units in the province for the last many days and the Government has now stopped the supply of electricity to the industry for an indefinite period. They added that only in Faisalabad power supply was suspended to 450 industrial units.
 
Terming the suspension of power and gas supply to the industry as black day in the economic history of Pakistan, Mr. Abdul Waheed and Mr. Azhar Majeed said the suspension of electricity supply has completely ruined the country’s economy.
 
The duo urged the Government to take all necessary steps to bring the industry out of the crisis as the province might turn to be a graveyard of industry due to unavailability of energy.
 
They added that the businessmen may even resort to besieging the Parliament if the Government fails to immediately restore the supply of electricity to the industry.
 
Bangladesh exports more apparels than Pakistan without producing any cotton. On the other hand, even though Pakistan produces about 16 million bales of cotton, its textile and garment exports are in danger, owing to energy crisis, the duo stated.
 
Energy supply to the textile industry should be immediately restored as it has potential to export goods worth US$ 32 billion a year, in view of the country producing 16 million bales of cotton annually, they said.
 

Fibre2fashion News Desk - India


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