AGL 38.67 Increased By ▲ 0.52 (1.36%)
AIRLINK 128.47 Increased By ▲ 3.40 (2.72%)
BOP 7.09 Increased By ▲ 0.24 (3.5%)
CNERGY 4.55 Increased By ▲ 0.10 (2.25%)
DCL 8.25 Increased By ▲ 0.34 (4.3%)
DFML 38.49 Increased By ▲ 1.15 (3.08%)
DGKC 79.80 Increased By ▲ 2.03 (2.61%)
FCCL 32.21 Increased By ▲ 1.63 (5.33%)
FFBL 72.60 Increased By ▲ 3.74 (5.43%)
FFL 12.15 Increased By ▲ 0.29 (2.45%)
HUBC 109.56 Increased By ▲ 5.06 (4.84%)
HUMNL 13.85 Increased By ▲ 0.36 (2.67%)
KEL 4.89 Increased By ▲ 0.24 (5.16%)
KOSM 7.50 Increased By ▲ 0.33 (4.6%)
MLCF 37.50 Increased By ▲ 1.06 (2.91%)
NBP 69.97 Increased By ▲ 4.05 (6.14%)
OGDC 188.20 Increased By ▲ 8.67 (4.83%)
PAEL 24.95 Increased By ▲ 0.52 (2.13%)
PIBTL 7.33 Increased By ▲ 0.18 (2.52%)
PPL 150.20 Increased By ▲ 6.50 (4.52%)
PRL 24.99 Increased By ▲ 0.67 (2.75%)
PTC 17.00 Increased By ▲ 0.60 (3.66%)
SEARL 80.50 Increased By ▲ 1.93 (2.46%)
TELE 7.50 Increased By ▲ 0.28 (3.88%)
TOMCL 33.00 Increased By ▲ 1.03 (3.22%)
TPLP 8.49 Increased By ▲ 0.36 (4.43%)
TREET 16.65 Increased By ▲ 0.52 (3.22%)
TRG 56.30 Increased By ▲ 1.64 (3%)
UNITY 27.90 Increased By ▲ 0.40 (1.45%)
WTL 1.32 Increased By ▲ 0.03 (2.33%)
BR100 10,461 Increased By 371.9 (3.69%)
BR30 30,782 Increased By 1273.5 (4.32%)
KSE100 97,608 Increased By 3033.7 (3.21%)
KSE30 30,427 Increased By 982.4 (3.34%)

Construction of Kalabagh dam must be the top most priority of the government, therefore its construction should be started immediately to meet the water requirements of the country apart from producing cheaper electricity.
This was demanded by the Chairman Pakistan Industrial & Traders Associations Front (Piaf), Sheikh Muhammad Arshad in a press statement issued here on Saturday.
Arshad was of the view that this project is a must for economic stability of the country, hence the government must get it approved from the parliament at the earliest.
'Almost all former chairmen of Wapda and experts were giving repeated warnings that there was no alternative of Kalabagh dam and any delay in it's construction could create severe problems in future. Government officials also admit importance of this project, while President of Pakistan has declared 2004 as the year for starting Kalabagh dam construction,' he added.
He was of the view that Pakistan was spending huge foreign exchange on import of oil to produce electricity through thermal sources while cheaper electricity could only be produced through hydel sources.
He said that feasibility report, colonies for staff and latest machinery had been installed by spending Rs two billion for this dam while country's agriculture was facing severe water shortage, provinces have problems over distribution of water and input cost of domestic industrial units have increased due to expensive electricity. Nevertheless, Kalabagh dam is essential for bright economic future of the country.

Copyright Business Recorder, 2004

Comments

Comments are closed.