Economics & Business

PIAF urges Govt, Finance ministry to focus on power generation

LAHORE: Pakistan Industrial & Traders Associations Front (PIAF) has urged the Prime Minister Syed Yousaf Raza Gilani and Federal Finance Minister Dr. Abdul Hafeez Sheikh to focus on power generation in the country as no measure aimed at economic revival would work in the absence of electricity.

In a press statement issued here on Wednesday, PIAF Chairman Engineer Sohail Lashari, Senior Vice Chairman Nadar Kamal Osman and Vice Chairman Junaid Iqbal Sheikh said that energy was the engine of growth but never ever due attention was given towards this very important area.

The PIAF office-bearers said that acute power shortage had not only jammed the industrial wheel but had also deprived thousands of daily wagers of their earnings. They said that Syed Yousaf Raza Gilani while assuming the charge of Prime Minister, had promised to start work on power projects but no practical steps were taken as yet.

The PIAF leaders said that construction of Kalabagh Dam was a must to ensure availability of water to the agriculture sector and cheaper electricity to both the trade and industry of the country but present regime shelved this important project with a stroke of pen.

They said that bad law & order situation and high input cost had already destroyed the industrial sector while the unprecedented loadshedding is adding fuel to fire. They said that the industrialists are aimed at supplementing the government efforts to make the country economically stronger but massive load shedding and hike in the electricity tariff pushing the industrialists to the wall.

PIAF office-bearers urged the government to prioritize the end of power crisis and enhancement of power generation. Funds should be allocated for the large water reservoirs including Kalabagh Dam in the Federal Budget 2011-12. They said that in this regard, the government should develop consensus among and the federating units by convincing them that this was the only way out of ongoing power crisis.-Online

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Haroon Akram Gill

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