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Pakistan: Businessmen Demand Exemption from Gas and Power Loadshedding
Source: brecorder.com
Source Date: Friday, November 23, 2012
Focus: Institution and HR Management
Country: Pakistan
Created: Nov 27, 2012

LAHORE: Business leaders Friday demanded total exemption of industrial sector from power and gas loadshedding to help strengthen national economy besides saving the industrial and agricultural sectors from irreparable loss.

Former Senior Vice President,Lahore Chamber of Commerce and Industry (LCCI),Meher Kashif Younis,former VP Saeeda Nazar, member executive committee LCCI Mian Waqar Ahmad and others demanded that government,in the larger national interest,should accord top priority to industrial and agricultural sectors.

They demanded uninterrupted gas supply throughout the year to meet the economic growth and export targets besides ensuring bumper crops.

They said that survival of all countries rely on sound economy, hence in the greater national interest the government should reshape its policy of loadshedding to provide a chance to industry to flourish.

Meher Kashif Younis said that hike in gas, power and petroleum products prices would affect the manufacturers,already disturbed by gas and power loadshedding.

The high power, gas and petroleum tariffs had created liquidity crunch for importers of industrial raw materials,he said.

He said that keeping in view global business scenario,high mark up rate by banks should also be reduced to single digit for providing solace to the industry.

Meher Kashif Younis, said that absence of gas,power and increased prices would burden the industrial sector which was already facing high mark up rate. "All these factors are increasing the cost of doing business", he added.
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