The Lahore Chamber of Commerce and Industry (LCCI) has urged the Lesco to share its loadshedding plan with the business community, as full-day power shuts have hampered the industrial output that would ultimately affect the GDP growth of the country. LCCI Senior Vice President Mian Nauman Kabir, after having a meeting with the delegation of industrial areas on Saturday, said that continuous day-long power shuts have badly affected the industrial production.
He said that industries of Quaid-e-Azam Industrial Estate, Ferozepur Road Industrial Area and Sheikhupura Road remained close due to non-availability of electricity on January 08, 09 and 10 respectively. He said the LCCI had already invited the attention of the authorities towards the inefficiencies in the power sector. He said that the situation would go out of hands if immediate measures were not taken. He said that the country was already facing multiple challenges and troubles like power system failure would hamper GDP growth.
Mian Nauman Kabir said government should take measure to generate sufficient energy through hydel resources. He said that how the industry would survive when electricity is not available. LCCI Senior Vice President said that the country had already lost a number of international markets to China, Bangladesh and India and circumstance would further dire if industrialists could not fulfil their export orders. He urged the government to initiate reforms in the power sector and give incentives to attract maximum investment in the power sector.
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