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FPCCI concerned over growing energy shortage

The country’s apex trade body has expressed concerns over growing energy shortfall in summer and further hampering of industrial production.

In a statement issued on Friday, Shaheen Ilyas Sarwana, acting president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), expressed concern over the worsening energy situation in all parts of the country – in particular the city of Karachi – with the onset of summer, and the effects on trade and industry.

Meanwhile, KESC has refuted the allegations of industrialists and termed it baseless.

A statement of the power utility said that all the power units of the utility being run on the furnace oil have been provided furnace oil on a regular basis.

Sarwana said that it is no secret that Pakistan has been suffering from a serious energy shortage over the past few years, which has inflicted colossal damage on production and business activities throughout the country.

“However, in the past one week, the energy situation has worsened visibly, which has led to further problems for the business community in meeting export orders and fulfilling their trade commitments,” he said.

In particular, Karachi is witnessing a surge in power outage, which has led to unfortunate interruption in business activity, he said. The industrial areas of Karachi are now facing six to eight hours of power outage, which is extremely counterproductive, since Karachi is the hub of business activity for the country, and the biggest port of Pakistan.

“Industrialists are always the first to settle their utility dues, and this sector has not indulged in power theft,” the acting president said.

Sarwana said that the government must take urgent notice of the situation, and urged all stakeholders, including Karachi Electric Supply Company and Sui Southern Gas Company to resolve the matter of gas supply amicably, so that the problems confronting trade and industry could be averted.

He said that the business community was already functioning under severely problematic conditions, such as bad law and order, cutthroat competition in international markets and a general state of political and social instability. The added strain of deterioration in the energy situation will deal a further blow to these conditions, and cause further discontent among the businessmen of the country, he added.

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