LAHORE\u00a0\u00a0 –\u00a0 Raja Muhammad Anwer, vice president of Federation of Pakistan Chambers of\u00a0Commerce\u00a0and Industry (FPCCI), has said the government should focus on ease of doing business as the Prime Minister of Pakistan Imran Khan has always highlighted.<\/p>\n\n\n\n
\u201cJust like rest of the world, global pandemic hit us hard. Since we had no backups, this economic crunch has been the toughest of all. Pakistan is not in a condition to afford any policy failures on the part of government. Any increment in electricity and gas tariff can send us back to square one. Regular tariff rate revision has adversely affected people\u2019s purchasing power at one hand and on the other, business sector is struggling to lower down the manufacturing cost. Increase in cost of production means losing competitive edge. If our neighbouring country India keeps on providing energy to industrial sector on a cheaper rate then we can never go into international market, we would never be able to beat our competitors in quality and rates,\u201d he said.<\/p>\n\n\n\n
\u201cFrom now onwards, Prime Minister should not only discard all such summaries and policies that suggest tariff hike but should also task his economic team to develop strategic solutions for provision of affordable energy to business sector and public both. This is the kind of economic booster we need from government and if given, getting a lion\u2019s share of exports in the region won\u2019t be a problem for us. Our business community and all trade bodies in Punjab are striving for economic rehabilitation on fast track, and it shall only be possible with government\u2019s support,\u201d he added. The recent approvals from Nepra and Ogra speak against the Prime Minister\u2019s policy of facilitating business community and general public. Tariffs have been revised multiple times during the last two years, provincial government should also take up the issue with federal government and convey the concerns of Punjab\u2019s business community, he said.<\/p>\n\n\n\n
\u201cAs far as financial challenges in the power sector are concerned, government should keep tab on transmission losses and power pilferage. Decades old distribution network should be rehabilitated, so the general public doesn\u2019t get to suffer from the penalty of losses incurred due to gas and electricity theft and line losses,\u201d he concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"
LAHORE\u00a0\u00a0 –\u00a0 Raja Muhammad Anwer, vice president of Federation of Pakistan Chambers of\u00a0Commerce\u00a0and Industry (FPCCI), has said the government should focus on ease of doing business as the Prime Minister of Pakistan Imran Khan has always highlighted. \u201cJust like rest of the world, global pandemic […]<\/p>\n
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