New investment in energy sector must to fight load shedding

Karachi: New investment in energy sector must to fight load shedding in Pakistan, said speakers of a moot, IEEEP, here in Karachi.

They said load shedding of electricity is a hard blow to Pakistan economy. They said the country need a rapid industrialization that is not possible unless we generate enough electricity to meet our needs. They said the present set up of electricity production and distribution is faulty and it serves the interests of all others saving this nation and country.

S. M. Muneer, CEO Trade Development Authority of Pakistan (TDAP) addressing on the occasion said: “Prime Minister Nawaz Sharif has assured that issues of business community will be addressed on priority basis including Gas Infrastructure Development Cess (GIDC) and pending payment of exporters.”

He further said PM also ensured that measures will be taken regarding exporters’ Rs. 200 billion of due payments on Customs and government; while taking the notice of such big issues a committee under Finance Minister Ishaq Dar will work on such issues and process is underway. PM is committed to facilitate industrialists, traders and business community. Moreover, government is also well aware of the facts that energy crises, shortage of water, poor condition of transport infrastructure and law and order situation are the impediments in the growth of industries and economy.

Business community is also thankful to Chief of Army Staff General Raheel Sharif, Pak forces and Nawaz Sharif for their role. Government and law enforcing agencies have provided business friendly environment. Improved law and order situation will lead to more opportunities in enhancing our exports. Chief of Army Staff General Raheel Sharif and Pak forces’ efforts in this regards are commendable. Business Community whole heartedly supports Pak forces’ efforts.

While speaking on the occasion S. M. Muneer, CEO Trade Development Authority of Pakistan (TDAP), who is also a notable businessman, said: “It is our utmost desire to end the shortage of electricity in our country and with this aim in mind the IEEEP Fair has been a strong step towards drawing attention for policy makers and all concerns about the latest energy saving technologies and solutions which are practical and easily applicable” He further expressed that “this platform will open doors for the opportunities of investment, growth and bilateral trade in the field of electrical and electronics goods and services in the country.”

He applauded all exhibitors and congratulate IEEEP – Karachi Centre and Badar Expo Solution for successfully organizing the event.

Earlier Engr. Asif Siddiqui the Chairman IEEEP – Karachi Centre briefed that “the encouraging response and success of the 6thsequelof IEEEP Fair has concluded winning prospect for the preceding exhibitions and we will Insha Allah bring out next year’s IEEEP Fairon a much larger scale, with higher level of international participation and with a greater impact while covering other fields of Engineering such as bio medical, telecom and etc under the umbrella of IEEEP”. He further said “We will focus on our market and constantly improve the overall level of IEEEP Fair with professional assistance of our Event Manager, the Badar Expo Solutions”.

Later the Chief Guest, S. M. Muneer, CEO TDAP along with Engr. M. Asif Siddiqui Chairman IEEEP, Mr. Zohair Naseer, COO Badar Expo Solutions and Engr. Naveed Ansari Convener IEEEP Fair gave away the Shields and awards to the Exhibitors, Sponsors and key members of the organizing committee.

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