Observer Report Lahore
Chairman Pakistan Industrial and Traders Association Front (PIAF) Mian Nauman Kabir has said the government has to formulate long-term and consistent policies for the revival of industry and considerable improvement in exports, as contrary to regional countries, Pakistan’s exports have remained stagnant for a long time, and unless attention was paid to all factors that hamper industrial and exports growth, the country might not be able to achieve desired results.
The PIAF Chairman, in a joint statement with vice chairman Javed Siddiqi, observed that it was imperative to make power and gas tariffs for domestic, as well as export sectors compatible with the tariff being applied in regional and neighbouring countries.
Mian Nauman Kabir said the government had pledged to revamp the power sector and continued to raise electricity prices to eliminate subsidies, but failed to implement reforms to make the power sector efficient.
The circular debt issue could have been resolved today, if the government had eliminated production, transmission and distribution losses; checked electricity theft and recovered the outstanding electricity dues, he stressed.
