Press Release

FPCCI appreciates reduction in power loadshedding

(Karachi P.R. 9th June, 2016) Sheikh Khalid Tawab, acting president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday said that the Industries of Pakistan have given a great sigh of relief as the electricity loadshedding in the industrial areas is reduced to the minimum level enhancing the production, exports and generation of employment opportunities besides encouraging the new investments –both local and foreign.

In a statement, he said that there has been no loadshedding at all, particularly in Punjab Industrial Areas and Industrial Zones, which had witnessed the worst loadshedding during last four years.

He highly appreciated Nawaz Sharif government for fulfilling its commitment to overcome the power crisis, inherited from the previous regime. In the present loadshedding-free scenario the industry will further flourish including the SMEs and cottage industries, which were worst affected and had almost reached at the verge of collapse, he said adding that it is reassuring to note that the cottage industry which was closed down due to power shortage, are now being revived.

He expressed his gratitude to Minister for Water and Power Khawaja Muhammad Asif for his untiring efforts to provide relief to industries in power loadshedding by adding 2665MW additional electricity in the system during the last 3 years. He hoped that the present government would also take steps to completely eradicate the power crisis in the residential areas of the country so that the benefits of the socio-economic development reach to the grassroots level. He also appreciated the improvement in law and order situation in the industrial areas and zones.