CM Murad proposes subsidised electricity to aid factories operations

City News Aug, 22 2024
CM Murad proposes subsidised electricity to aid factories operations
  • 46
  • 0

Karachi: Sindh Chief Minister Syed Murad Ali Shah proposed offering subsidized electricity to factories operating additional shifts to combat rising costs that have forced many industries to scale back production.

He noted that while federal government produces around 40,000 MW of electricity-well above 30,000 MW demand-high tariffs are burdening factories and commercial businesses, leading to reduced output and job losses.

He explained that subsidized power could encourage factories to run extra shifts, thereby boosting production and creating more employment opportunities for both skilled and unskilled workers. This would also help utilise surplus electricity, easing federal government's financial strain from paying Independent Power Producers for unused power. Additionally, increased production could strengthen exports and boost foreign exchange earnings.

Murad shared these insights during meeting with 17-member delegation from Lahore Press Club, led by its president Arshad Ansari. senior Minister for Information Sharjeel Memon, Secretary to CM Raheem Shaikh and Secretary Information Nadeem Memon were also in attendance.  CM Murad said that agreements with IPPS were made for 20 to 25 years which also needed to be dealt with professionally and carefully. To question, he said that project launched by Dr Samar Mubarak Mand in Thar was federal government's initiative, but it could not take off. "Now, provincial government is using its resources to protect assets abandoned by project there," he said. 

He predicted that Thar would emerge as bigger city in country than Karachi in next 40 units because it would be hub of cheap production of electricity. Replying to question, je said that his government established Transmission and Dispatch Company in 2014 to dispatch 100 MW of electricity from Nooriabad to Karachi.

"Now, we have established Sindh Electric Power Regulatory Authority to decide tariff of power projects we would install in province to promote establishment of small industrial units in far-flung areas of province. He lauded small industries model of Punjab and said small industrial states they have established in every big and small city have generated local economic activities.

In response to question, he stated that Sindh has fertile land and natural waterways. Sukkur Barrage was planned in 1968 and subsequently built, along with other barrages, which led to creation of canal system by blocking natural waterways. This, in turn, caused hill torrents to flood populated areas when they couldn't flow naturally into rivers. Construction of Left Bank Outfall Drain also blocked natural waterways, resulting in 17 breaches during recent floods.

He said that on instruction of PPP Chief Bilawal Bhutto, government was constructing 2.1 million houses for people who lost their homes in floods of 2022. He said that his government has given Rs 50 billion for 2.1 million houses and federal government of Shahbaz Sharif has also vowed to match amount [Rs50 bn] and this year they have allocated Rs 20 billion.

He emphasised his opposition to adopting medical insurance, citing concerns that insurance companies and private hospitals would take away large portion of funds as profit. Instead, he aims to channel these funds into strengthening Sindh government hospitals to provide free, high-quality treatment to people.

Lahore Press Club delegation commended Sindh government's development efforts in Thar, specifically acknowledging advancements in Thar coal power production, coal mining, RO plants, Mithi Hospital and various health facilities such as JPMC, NICVD, NICH, Gambat and Chest pain units.

Published in The Daily National Courier, August, 22 2024

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

Staff Reporter
Staff Reporter https://www.dailynationalcourier.com/author/staff-reporter
Daily National Courier is a leading morning English newspaper of twelve pages covering all international and national political developments on 24/7 basis.

NC Big Stories

Teachings key to overcome challenges: President, PM

ISLAMABAD: President Asif Ali Zardari and Prime Minister Shehbaz Sharif in their separate messages on Eid Miladun Nabi (PBUH) urged nation to follow life and teachings of Prop...

PM Shehbaz apprises ADB of reforms to revive economy

ISLAMABAD: Prime Minister Shehbaz Sharif informed Asian Development Bank (ADB) President Masatsugu Asakawa about ‘series of reforms’ introduced by government for r...

Zainab Shabbir reveals reason behind joining showbiz

Zainab Shabbir, relatively new talent in industry has been doing great. She has done both positive and negative characters and people love to watch her on screens. She is very...

Security, traffic arrangements in place ahead of Eid Miladun Nabi (Saw) processions

KARACHI: Security and traffic arrangements have been reviewed across city ahead of Eid Miladun Nabi processions set to take place today, officials said. To mark occasion and e...

More like this
Related

Registrar Cooperative Societies misappropriates Rs.3 million from Karimabad Society

KARACHI: The Office of the Sindh Registrar Cooperative Societies, Karachi has become a den of corruption, mismanagement and plundering of public money. It was disclosed by inf...

Security, traffic arrangements in place ahead of Eid Miladun Nabi (Saw) processions

KARACHI: Security and traffic arrangements have been reviewed across city ahead of Eid Miladun Nabi processions set to take place today, officials said. To mark occasion and e...

Shura Hamdard moot discuss guidelines for Muslim rulers in light of Prophet (PBUH)’s Seerat

KARACHI: Monthly meeting of Shura Hamdard Karachi took place at Hamdard Corporate Head Office, chaired by Sadia Rashid President of Hamdard Foundation Pakistan. Theme of meet...

PIA employee dismissed from duty

KARACHI: Sales Regional Manager for Pakistan International Airlines (PIA) in Dubai, is under investigation following multiple harassment complaints. Complaints lodged by fema...
Need Help? Chat with us