Welcome to official website of PRES

LCCI urges govt to control line losses, power theft

The Lahore Chamber of Commerce and Industry (LCCI) on Saturday urged the government to control line losses, electricity theft, and inefficiency in recovery of dues and help stop political interference in the energy sector that has reduced the country’s economic growth by three-four percent in the last two years, a statement said.

The LCCI said that the US report about the political interference in the energy sector should be an eye-opener for all, as it is not only the economy that has been facing a meltdown-like situation but the entire country is in the grip of multiple challenges due to an acute energy shortage.

The LCCI said that there is no second opinion about it that effective governance is critical to economic reforms but if the political interference continues to undermine the decision-making then how one can expect an economic turnaround in the coming years, according to the statement.

The Lahore Chamber has been calling on the government since long for the introduction of the much-needed reforms in the energy sector but unfortunately all its appeals had fell on deaf ears with the result of huge cut in the country’s economic growth.

Comments are closed.