Energy reforms crucial for industry revival, say experts

President Federation of Pakistan Chamber of Commerce and Industry Atif Ikram Shaikh along with Patron Chief UBGSM Tanveer, Member National Assembly Mirza Akhtar Baig, Vice President Tariq Jadoon, Muhammad Ashfaq, Chairman Capital Office Karim Aziz Malik, Chairman Coordination Malik Sohail, Javed Iqbal, Akhtar Kakar, President Women Chamber Samina Fazal and others have said that export targets can be achieved only by solving the energy crisis, business community.

The price of electricity has been reduced by four to five rupees, the electricity rate in the region is 6 to 7 cents and in Pakistan it is 15 cents, the policy rate should be single digit and at least 8%.

Patron Chief UBGSM Tanveer said that the country’s economy is moving in a positive direction but the country needs dollars, if energy prices are not brought in line with the region, then it will not be possible to increase exports and break the cycle, there are only two ways to bring dollars, either take the cycle and go to the IMF, the other way is to restore the industry and increase exports.

The government is unnecessarily delaying the announcement of reduction in electricity prices There should be a reduction of 10 rupees. The government has so far canceled the contracts of 14 IPPs, revised 6, these measures will have an impact of 2 rupees 30 paise on the electricity rates. 26 rupees per unit should be fixed, why the interest rate has not been reduced, the policy rate should be 9%, a ten-year industrial policy should be brought and there should be no change in it.

Member of the National Assembly Mirza Akhtar Baig said on this occasion that the task force formed in the name of reforms has put its hands on the solar system, electricity was being bought at 27 rupees per unit, now the rate has been fixed at 10 rupees.

Vice President Tariq Jadoon said that more and more industry should be built in the country, you are shutting down, exports will increase only when the industry runs. The decrease in inflation is not affecting the market, the prices in the market are maintained.