Load shedding has forced closure of more than 300 industrial units in Lahore: Business community

Lahore, June 18, 2012 (PPI-OT): Business community has warned the President, Prime Minister and Federal Minister for Water and Power that annoyance and anger of the masses would swell if government does not ensures the awaful load shedding.

In a press statement issued here Monday, Acting Chairman PIAF Nadir Kamal Osman, Chairman Autoparts Manufacturers and Exporters Association and Chairman Lahore Township Industries Association Iftikhar Bashir said that 20 hours load shedding has forced more than 300 industrial units in the Lahore Township Industrial Area to closed down their operations. They said that only three hours electricity was being supplied to the industrial area.

They said that due to wrong government policies and mismanaged affairs, the industry had almost collapsed and industrialists were left with no other option but to stage protest. They said had right steps been taken well in time to enhance the power generation, the situation would have been far better.

They said that Lahore Township Industrial Estate was the largest industrial area of the Punjab where industrial units including textile, engineering, autoparts, plastic, ghee, ice cream; dying, pharmaceutical, steel beverage, hosiery and food etc. were operational. They said that these units were providing employment to near 40,000 people while paying billion rupees to the national exchequer but unfortunately, the concerned gas and power authorities never bothered to take them on board while evolving any policies regarding load shedding.

They said Lahore Township industrial area was facing massive unannounced load shedding of gas and electricity, which was hitting industrial production very hard.

They said that sword of unemployment was hanging on the heads of industrial workers in the wake of non-availability of gas and electricity but the government was playing the role of silent spectator. He said that the industrial area which was hub of production was presenting a deserted look as a large number of industrial units had stopped production.

They said that the economic crisis would further deepen in coming days as industry has failed to fulfill existing export orders what to talk of any new orders.

He said that those who were thinking that economy would be back on rails soon were actually living in fool’s paradise as the situation has already gone out of hands and it would need special measures to control the situation.

They demanded of the government to arrange early payments of the IPPs to overcome the prolonged load shedding.

For more information, Contact:
Pakistan Industrial and Traders Associations Front
110/s Kot Lakhpat Industrial Estate
Lahore, Pakistan
Phone: (92) 42 5123522
Fax: (92) 42 5123522
Email: Info@piaf.pk

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