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LCCI urges govt to resolve energy crisis

The Lahore Chamber of Commerce and Industry (LCCI) on Tuesday urged the caretaker government to take steps to resolve Punjab’s energy crisis in order to prevent civil disobedience.

LCCI President Farooq Iftikhar was presiding over a meeting of chambers of commerce and trade and industrial associations in Punjab. A large number of trade and industry representatives were also present on the occasion.

The participants were of the view that the non-availability of electricity and gas has pushed trade and industry on the verge of collapse, while bankruptcies and capital flight have become the order of the day.

A number of industrial units have already shifted their operations abroad, while others were planning to shut down their units.

The trade and industry representatives said that the government should share short and long-term solutions of the energy crisis with the private sector, as unscheduled power outages have destroyed the production schedules.

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