Energy crisis: ‘Industries might shift to Bangladesh’
Business community concerned over govt negligence.
LAHORE:
If the energy crisis remains the same, industrialists will shift their units to Bangladesh and other countries where the industrial sector is the top most priority, said Lahore Township Industries Association (LTIA) Haroon Shafiq Chaudhry.
In a statement, Chaudhry said the fast-increasing gap between demand and supply of electricity and prolonged unannounced power cuts show that the government is least worried about economic degradation and is not interested in taking corrective measures for the sake of the industrial sector.
He said that due to the energy crisis a large number of textile units have shifted to Bangladesh while a staggering number have also shifted to Malaysia in the last eight years; yet the government is unmoved.
He said that industrialists have also requested the Lesco officials to prepare a load shedding schedule for the LTIA instead of cutting the electricity supply after every hour but they did not bother to provide relief to the businessmen of the area.
They said that if immediate measures were not taken to ensure continuous supply of electricity to the industrial units, nothing could stop the industrial wheel from coming to a grinding halt and lead to massive lay-offs.
Published in The Express Tribune, July 21st, 2011.
If the energy crisis remains the same, industrialists will shift their units to Bangladesh and other countries where the industrial sector is the top most priority, said Lahore Township Industries Association (LTIA) Haroon Shafiq Chaudhry.
In a statement, Chaudhry said the fast-increasing gap between demand and supply of electricity and prolonged unannounced power cuts show that the government is least worried about economic degradation and is not interested in taking corrective measures for the sake of the industrial sector.
He said that due to the energy crisis a large number of textile units have shifted to Bangladesh while a staggering number have also shifted to Malaysia in the last eight years; yet the government is unmoved.
He said that industrialists have also requested the Lesco officials to prepare a load shedding schedule for the LTIA instead of cutting the electricity supply after every hour but they did not bother to provide relief to the businessmen of the area.
They said that if immediate measures were not taken to ensure continuous supply of electricity to the industrial units, nothing could stop the industrial wheel from coming to a grinding halt and lead to massive lay-offs.
Published in The Express Tribune, July 21st, 2011.