Prolonged load shedding in SITE halts industrial production: SAI Chief

Business Sep, 23 2022
Prolonged load shedding in SITE halts industrial production: SAI Chief
  • 189
  • 0

KARACHI: Abdul Rasheed President Site Association of Industry (SAI) expressing concerns over 8 hours’ load shedding from 12:00a.m at night to 8:00a.m in morning in SITE area on daily basis said that load shedding is bound to have adverse impact on economy, particularly on export sector.

As such, government should ensure uninterrupted supply of electricity to industries to keep wheels of industry moving and to ship export orders on time. In a statement, he said that industrial production is being badly affected and it has become difficult for industry owners to produce goods as per demand. Industries are already facing issues like low gas pressure and liquidity crisis amongst other issues which are affecting industrial production.

Published in The Daily National Courier, September, 23 2022

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.

NC Big Stories

Businessmen want PM Shehbaz to reconcile with PTI founder, improve ties with India

KARACHI: Business magnate Arif Habib has urged Prime Minister Shehbaz Sharif to extend gesture of reconciliation to his incarcerated political opponent, founder of Pakistan Te...

President Zardari emphasises stronger economic, cultural ties with China

ISLAMABAD: President Asif Ali Zardari said that Pakistan and China enjoy long-term strategic relations which need to be further strengthened in areas of trade, economy, agricu...

Pakistan, Iran issue joint statement on gas pipeline project

ISLAMABAD: Pakistan and Iran agreed to expeditiously finalise Free Trade Agreement and boost their bilateral trade to 0 billion dollar over next five years through joint econo...

Gaza protests grow at US colleges, thousands demonstrate in Brooklyn

NEW YORK: Protests against Israel filled streets in Brooklyn and escalated at universities across United States, some of which included Jewish Passover Seders, as demonstrator...

More like this
Related

Pakistani rupee continues to decline against USD

KARACHI: Pakistani rupee on Wednesday depreciated by 02paisa against the US dollar in the interbank market, according to the State Bank of Pakistan (SBP) report.  The loc...

Hard work requires to bring power, oil prices down: Shahid Khaqan

ISLAMABAD: Former Prime Minister Shahid Khaqan Abbasi said that hard work and hard decisions will be required to bring power and petroleum prices down. Talking to media outsid...

Aurangzeb expects central bank reserves to be $9-10bn by FY24-end

Islamabad: Minister for Finance and Revenue Muhammad Aurangzeb said that he expected foreign exchange reserves held by State Bank of Pakistan to close this fiscal year at arou...

Pakistan, Saudi Arabia, Uzbekistan sign agreement to enhance investment

ISLAMABAD: In a significant development, Pakistan, Uzbekistan and Saudi Arabia have signed a landmark partnership agreement aimed at promoting investment and trade between the...
Need Help? Chat with us