LAHORE: President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Muhammad Adrees Saturday said that load-shedding exemption for industrial sector would help accelerate economic activities, besides strengthening the national economy.
He told that “the entire industry is grateful to the Prime Minister for acceding to their long standing demand for giving complete load-shedding exemption to industry which he hoped will play a vital role in rapid industrialization and accelerating the economic growth in the country”.
Vice President SAARC Chamber and Chairman United Business Group, Iftikhar Ali Malik said that exemption would greatly help earn foreign exchange by timely exporting Pak products to European countries.
He said that export order targets would also be met as a result of round-the-clock provision of power to the industry.
Chief Executive Trade Development Authority Pakistan, S.M. Munir said that the Prime Minister had always given great importance to business community and all-out efforts were always made to provide business friendly environment to boost economic activities in the country.
VP, FPCCI, Hameed Akhtar Chadda said that if gas was also provided round-the-clock, industrial production could be doubled in the country which he added would help improve socio-economic condition of the people besides ensuring economic stability.
President SME sector Punjab Rehmat Ullah Javed said that small scale traders attached with cottage industry would greatly benefit from the exemption as their production of cottage based industry would increase manifold.
Member Executive LCCI, Mian Waqar Ahmad said that epoch making decision of the Prime Minister would usher an era of progress, development and prosperity in the country.
