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The business community of Southern Punjab was panicked with ten hours a day electricity loadshedding which had forced them to shut their factories for 10 hours .The Multan Chamber of Commerce and Industry (MCCI) has said that ten-hour power loadshedding for industries during the holy month of Ramazan was not acceptable because every factory and textile mills would have to shut its one shift causing a great loss to production and rendering thousands of workers jobless.
Fareed Mughis Sheikh President of MCCI said that power distribution companies including MEPCO have informed all the industrialists that there would be complete shut down 30-minute before Iftar till morning and 30-minute after Sehr.
Fareed said that export-oriented industries would not be able to meet the demand of foreign buyers or increase the exports.
"Most of the industrial units have already reduced their working hours. This has led to an increased level of raw material wastage and made the production process non-profitable," said the MCCI president. He said the shortage of electricity had already caused a flight of capital and the relocation of industrial units to countries like Bangladesh and Malaysia, besides reducing government's revenues drastically.

Copyright Business Recorder, 2016

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