AGL 35.05 Decreased By ▼ -0.15 (-0.43%)
AIRLINK 123.70 Increased By ▲ 0.47 (0.38%)
BOP 5.15 Increased By ▲ 0.11 (2.18%)
CNERGY 3.89 Decreased By ▼ -0.02 (-0.51%)
DCL 8.05 Decreased By ▼ -0.10 (-1.23%)
DFML 43.70 Decreased By ▼ -0.52 (-1.18%)
DGKC 74.40 Increased By ▲ 0.05 (0.07%)
FCCL 24.56 Increased By ▲ 0.09 (0.37%)
FFBL 48.95 Increased By ▲ 0.75 (1.56%)
FFL 8.95 Increased By ▲ 0.17 (1.94%)
HUBC 145.45 Decreased By ▼ -0.40 (-0.27%)
HUMNL 10.65 Decreased By ▼ -0.20 (-1.84%)
KEL 3.97 Decreased By ▼ -0.03 (-0.75%)
KOSM 8.08 Increased By ▲ 0.08 (1%)
MLCF 33.05 Increased By ▲ 0.25 (0.76%)
NBP 57.70 Increased By ▲ 0.55 (0.96%)
OGDC 145.50 Increased By ▲ 0.15 (0.1%)
PAEL 25.49 Decreased By ▼ -0.26 (-1.01%)
PIBTL 5.77 Increased By ▲ 0.01 (0.17%)
PPL 117.00 Increased By ▲ 0.20 (0.17%)
PRL 24.06 Increased By ▲ 0.06 (0.25%)
PTC 11.02 Decreased By ▼ -0.03 (-0.27%)
SEARL 59.05 Increased By ▲ 0.64 (1.1%)
TELE 7.47 Decreased By ▼ -0.02 (-0.27%)
TOMCL 41.46 Increased By ▲ 0.36 (0.88%)
TPLP 8.25 Decreased By ▼ -0.06 (-0.72%)
TREET 15.11 Decreased By ▼ -0.09 (-0.59%)
TRG 56.20 Increased By ▲ 1.00 (1.81%)
UNITY 27.60 Decreased By ▼ -0.25 (-0.9%)
WTL 1.31 Decreased By ▼ -0.03 (-2.24%)
BR100 8,625 Increased By 53.5 (0.62%)
BR30 27,305 Increased By 29.5 (0.11%)
KSE100 82,147 Increased By 688 (0.84%)
KSE30 26,045 Increased By 244.7 (0.95%)

The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to immediately stop unscheduled load shedding as despite repeated assurances by the authorities the electricity situation is becoming more worsening.
The LCCI office bearers; President Irfan Qaiser Sheikh, Senior Vice President Kashif Younis Meher and Vice President Saeeda Nazar in statement on Wednesday said that they fear an anarchy-like situation in the country if appropriate measures are not taken to overcome unprecedented long hours forced closures.
They said that law and order situation is bound to aggravate in the coming days as over 12-hour power outages in the industrial estates is jacking up the graph of unemployment particularly hitting the daily wagers hard. The LCCI office-bearers said that the most of industrial units had already reduced their working to single six-hour shift from the previous three shifts system. This had led to increased level of raw-material wastage, making production process non-profitable. Now the leading industrial units were experiencing losses despite being managed professionally.
"LCCI-LESCO Dispute Resolution Committee and LCCI-LESCO Load Management Committee used to have regular meetings to oversee and overcome the situation promptly", they said and added that these committees need to be revived and reactivated urgently and immediately so that the issues could be discussed and tackled in an open minded manner.
The LCCI office-bearers urged the President and Prime Minister to take notice of this grave situation and act promptly act to save industrial and social fabric of the country. They said that the government should share its energy plan with the LCCI as the highest-ever electricity tariff and power outages have crippled both the trade and industry.
"How the government would establish its writ and from where it would collect revenues to run its day-to-day affairs when the industrial wheel is coming to a grinding halt," they added. They said that the government should understand that economic well being is a must for democracy. Unemployment, price hikes, industrial closures always give birth to lawlessness and anarchy. Therefore, the government should understand the ground realities and reset its priorities. They said that it is astonishing that on the one hand the government circles were talking of economic stability in 2012 while on the other hand they were not sharing any kind of roadmap to achieve this goal.

Copyright Business Recorder, 2012

Comments

Comments are closed.