Construction of dams essential to end energy crisis

LAHORE, Uncontrolled electricity shortfall of 5,000 Mega Watt, has made the masses as senseless. And no remedial initiatives are being observed to provide relief to public for boosting them up socially or economically.

It was expressed by Mian Muhammad Tariq Shafi, Regional Chairman FPCCI and Ch Aamer Ata Bajwa, Dr Shehla Javed Akram in their joint statement on present scenario of country. They said due to electricity crisis all official affairs and operations got badly effected especially in industrial units the productivity process has been disconnected which caused to close the businesses. Being victimization of these crises the graph of poverty and unemployment is getting high volume terribly. Exports targets is next phase even we are unable to meet the local requirement. In this regards dams are essential to be constructed on war footing. While rejecting the price hiking ambiguous formula of petroleum products they said, economic condition is in front of all of us but this sort of decision will enhance the tension and anxiety in country. Most of people have lost their buying power while the increasing rates of petroleum levy will also increase the price of each and every product and services.

Further they stated more that SBP Policy maintained the interest rate at double digits. Due to this the cost of doing business will be expanded. So the interest rate must be brought on single digit. On the other side the worst conditions of law and order has also influenced the development projects, and established the environment the distrust and complexities. They said with disappointment, in these crucial circumstances we have been failed to see the clear vision and long term strategies from Government. Business community is ready to cooperate and coordinate with Government but Government must develop the consensus based policies for country's economy. In this situation business community has hope! that to overcome the electricity shortfall and unscheduled heavy load shedding the implementable projects would be launched. In next State Bank policy the interest rate will be decreased and keeping in view the miserable lives of people Government will review the decision to increase the rates of petroleum products. These initiatives will definitely boost up masses's life socially and economically.