AGL 40.65 Increased By ▲ 0.65 (1.63%)
AIRLINK 127.65 Increased By ▲ 0.61 (0.48%)
BOP 6.60 Decreased By ▼ -0.07 (-1.05%)
CNERGY 4.53 Increased By ▲ 0.02 (0.44%)
DCL 8.43 Decreased By ▼ -0.12 (-1.4%)
DFML 41.48 Increased By ▲ 0.04 (0.1%)
DGKC 86.70 Decreased By ▼ -0.15 (-0.17%)
FCCL 32.00 Decreased By ▼ -0.28 (-0.87%)
FFBL 65.08 Increased By ▲ 0.28 (0.43%)
FFL 10.18 Decreased By ▼ -0.07 (-0.68%)
HUBC 110.06 Increased By ▲ 0.49 (0.45%)
HUMNL 14.63 Decreased By ▼ -0.05 (-0.34%)
KEL 5.17 Increased By ▲ 0.12 (2.38%)
KOSM 7.18 Decreased By ▼ -0.28 (-3.75%)
MLCF 41.40 Increased By ▲ 0.02 (0.05%)
NBP 60.01 Decreased By ▼ -0.40 (-0.66%)
OGDC 193.50 Increased By ▲ 3.40 (1.79%)
PAEL 27.95 Increased By ▲ 0.12 (0.43%)
PIBTL 7.86 Increased By ▲ 0.03 (0.38%)
PPL 150.52 Increased By ▲ 0.46 (0.31%)
PRL 26.70 Decreased By ▼ -0.18 (-0.67%)
PTC 16.20 Increased By ▲ 0.13 (0.81%)
SEARL 77.52 Decreased By ▼ -8.48 (-9.86%)
TELE 7.38 Decreased By ▼ -0.33 (-4.28%)
TOMCL 35.55 Increased By ▲ 0.14 (0.4%)
TPLP 7.94 Decreased By ▼ -0.18 (-2.22%)
TREET 16.05 Decreased By ▼ -0.36 (-2.19%)
TRG 53.00 Decreased By ▼ -0.29 (-0.54%)
UNITY 26.57 Increased By ▲ 0.41 (1.57%)
WTL 1.27 Increased By ▲ 0.01 (0.79%)
BR100 9,884 No Change 0 (0%)
BR30 30,600 No Change 0 (0%)
KSE100 93,941 Increased By 585.7 (0.63%)
KSE30 29,110 Increased By 179.2 (0.62%)

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.