S.M Tanveer calls for low electricity cost for revival of industrial sector
Business
Says 100 industries have closed down in Faisalabad rendering millions jobless
LAHORE (Dunya News) – United Business Group Patron-in-chief S.M. Tanveer has urged the government to take steps to revive the country’s industry.
Addressing a press conference here at the regional office of FPCCI on Monday, he expressed concern over the high cost of electricity and said 100 industries had closed down in Faisalabad, rendering millions of industrial workers jobless.
"An industrial unit closes a day due to high cost of electricity," he said and asked the people at the helm of affairs how would industry and economy work.
Tanveer said the FPCCI would visit the Faisalabad Chamber of Commerce and Industry on Friday to chalk out a plan of action.
The entire nation has been suffering due to inflation, he said and demanded that the government cut electricity cost.
He urged provinces to give relief to the [electricity] consumers as happened in Punjab.
The FPCCI members backed Tanveer’s assertion and urged the government to take steps so that the industrial sector “survive.”
They said high electricity price added to the cost of a product which becomes unaffordable for the customer.
They suggested the government to focus on measures to reduce the cost of electricity for the survival of the industry.
