ISLAMABAD: All Pakistan Business Forum (APBF) President Ibrahim Quraishi has said that the regulators must take comprehensive steps for economic progress and industrial growth.
He said, “The most critical factor that can ensure the survival and growth of Pakistan’s industry is the government’s ability to implement the National Power Policy 2014, which should ensure regular supply of electricity to enable the industry to compete in today’s cut-throat global competition.”
The APBF president stated that, “Despite being the most important pillar of the economy, the industrial sector is not getting the attention it deserves.
The continuous power crisis all over the country is having a major negative impact on progress. The decline in performance is caused by factors like; non-supply of electricity, gas and water, excessive litigation practices and lack of developmental funds, etc.”
“The business community has repeatedly urged the government to implement a fair and effective National Power Policy, for ensuring uninterrupted power supply to the industrial and commercial sectors. The new Power Policy should be enriched with a reliable contingency plan.” Ibrahim added.
The electricity crisis in Pakistan has had a debilitating impact on the industry, which is a major contributor to the country’s total GDP. Over the past 5 years, a significant portion of the employment opportunities in Pakistan were created by the industrial sector. Currently, this sector alone employs millions of the workforce in the country.
