The Pakistan Industrial and Traders Associations Front (PIAF) on Monday, taking a strong exception to the statement of Federal Minister for Water and Power Raja Pervaiz Ashraf, said that the statement had dashed the sentiments of investors who were hopeful that the load-shedding would be ended by December 2009.
The PIAF Chairman Irfan Qaiser Sheikh in a statement issued here, on Monday, said that Raja Pervaiz Ashraf's remarks have shattered the trust of the business community in the federal government. He said that the rental power projects would lose their objectivity if these were not commissioned by December this year. He said that the experts have since long been pointing out that the menace of load shedding would reduce by the end of 2010 and have been proved right.
He said that if corrective measures were not taken immediately, the things could go from bad to worse. He said that continuous supply of electricity was a prerequisite for industrial revival and for the purpose the government would have to initiate work on Kalabagh and Basha dams otherwise the country would become a trading place and unemployment graph would touch alarming levels.
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