Industrialists pinning their hopes on new govt

They hope govt will address energy issues, put economy back on track.


Shahram Haq May 13, 2013
Business community believes that the PML-N government, led by Mian Nawaz Sharif, himself an industrialist, will put the economy back on track and put it on solid footing. PHOTO: AFP/FILE

LAHORE: After enduring a difficult five years when industries were crippled by energy shortages, the business community of Punjab is now pinning its hopes on the incoming government, which will be formed by the Pakistan Muslim League-Nawaz that has won a majority in Punjab and is also well ahead in the Centre.

They believe that the PML-N government, led by Mian Nawaz Sharif, himself an industrialist, will put the economy back on track and put it on solid footing. They link the victory of PML-N to ‘discrimination’ by the previous PPP-led coalition government against Punjab in electricity supply.

Energy crisis is the biggest issue besetting the industrialists of the province that has slowed down economic activities with around 50% of industrial units have either been closed or have suspended work because of electricity shortage.

“We know what our resources are, we only want equal distribution of resources, especially electricity supply to all provinces, we have attached our hopes to the incoming government that is capable of resolving this issue and will do it,” said Ramzan Sheikh, Chairman of Mainland Husnain Group, while talking to The Express Tribune.

Sheikh stressed that the PML-N enjoyed wide experience of governance and had also experienced people to run the affairs of the country.

The industrialists are also of the view that a smooth and uninterrupted energy supply will encourage investment in the economy.

“I believe if the energy crisis is resolved, then I am sure that investments will start coming in Pakistan,” said All Pakistan Textile Mills Association (Aptma) Punjab Chairman Shahzad Ali Khan. “We only need a smooth provision of electricity, rest is our responsibility.”

“There is also a need to call local and overseas Pakistanis to invest in industrialisation in Pakistan,” Sheikh said. “I am ready to start new hospitality projects as I believe that this industry has much potential, especially if unrestricted trade with India is initiated.”

Published in The Express Tribune, May 14th, 2013.

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