Islamabad Chamber of Commerce and Industry concerned over unscheduled power outages

Islamabad, June 18, 2012 (PPI-OT): Islamabad Chamber of Commerce and Industry called an urgent press conference on the prevailing serious electricity crisis at Chamber house.

Acting President, ICCI, Asad Farid has expressed deep concern over colossal production losses of billions of rupees per day due to ongoing more than 14-hours-long electricity loadshedding in the Federal Capital.

He said that the chamber was being forced by all the trade and industrial associations to give a call for indefinite strike as the electricity outage have crippled their businesses. He said that situation has turned deplorable that neither the industrial units are working nor traders are doing any business because of the electricity shortage.

ICCI Acting President said that ICCI also stages a peaceful rally on June 20 that would be started from Blue Area to Parliament House against unscheduled and prolonged electricity outage. Asad Farid invited all the traders, industrialists, trade bodies, labors and general messes to join hands with Islamabad Chamber against electricity load shedding. He said that the power shortage has been one of the major factors that have caused Pakistan’s economy to under perform its regional peers.

He indicated that sudden electricity supply cuts have negatively impact the production process as well and export of value added industries which was considered to be a major foreign exchange earner of Pakistan has also recorded a steep fall due to electricity load shedding. He urged the Government to take all possible steps for consistent supply of electricity to industries.

He said the ICCI has repeatedly warned the Government about the massive lay-offs and industrial closures if it fails to immediately stop power outages but Government is not wiling to understand the ground realities.

Mr. Tariq Sadiq, Chairman Founder Group, Mr.Munwar Mughal, Mian Akhram Farid, Mr.Khalid Javaid former Presidents ICCI and others also showed concerned over a deteriorating electricity situation and strongly emphasized upon the Government to give immediate attention to run the existing power units by removing faults.

For more information, contact:
Islamabad Chamber of Commerce and Industry
Chamber House, Aiwan-e-Sanat-o-Tijarat Road,
Mauve Area, G-8/1,
Islamabad, Pakistan
Tel: +9251 225 0526 and 225 3145
Fax: +9251 225 2950

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