Staff Reporter
Karachi
Federation of Pakistan Chambers of Commerce and Industry on Saturday asked the government to take note of the crumbling gas sector, which is becoming a liability for the country.
If left unattended, the gas sector will become a problem for the masses and business community eroding their competitiveness, it said.
The gas sector circular debt has jumped to Rs250 billion due to lack of reforms, inbuilt inefficiencies, theft and mismanagement, said Vice President FPCCI Qaisar Khan Daudzai.In a statement issued here, he said that the country will face a massive gas shortfall as the demand jumps during the winter therefore the government should take required steps without delay. In absence of any major discovery during last few decades the former government initiated the LNG project and later allowed private sector to import gas, he added.
