FPCCI proposes austerity as alternative to reduced timings

Business Jan, 7 2023
FPCCI proposes austerity as alternative to reduced timings
  • 142
  • 0

Karachi: Irfan Iqbal Sheikh President FPCCI presented an alternative plan of action vis-à-vis recently announced National Energy Conservation Plan by federal government.

Limiting use of electricity to strictly absolutely necessary lighting, appliances and equipment in homes, government offices, public spaces, shops, markets and restaurants.  He estimated that practicing austerity in all aforementioned places and establishments all day long will save much more electricity than what closing shops, markets and restaurants at 08:30pm will save, i.e. 25 percent of total power consumed can be saved.

Suleman Chawla SVP FPCCI said FPCCI is uniquely positioned to assist government in awareness campaign across all sectors, segments, cities or regions of country. Additionally, it will reduce operational costs of businesses as well.

Mian Nasser Hyatt Maggo recommended that government should lead by example and impose 25 percent reduction in power consumption with immediate effect in all of their offices-federal, provincial or district levels.

In his consultation All Pakistan Restaurant Association leadership categorically informed him that restricting restaurants to close for dine-in by 08:30pm will not result in any savings in power consumption as families will be using more electricity aggregately at their homes as compared to restaurants, malls or markets.

Published in The Daily National Courier, January, 07 2023

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

NC Big Stories

Diamer-Bhasha Dam and other small dams

Nature has blessed Pakistan with vast water reservoirs, which can be harnessed to generate cheap electricity and make millions of acres of barren land cultivable, but we have...

ECP says under Elections Act, PTI can be banned for 5-year

ISLAMABAD: Election Commission of Pakistan has approved Pakistan Tehreek-e-Insaf’s request for some time to submit record in party’s intra-party election case. Com...

Pakistan ensures effective border management with Iran: Khawaja Asif

Islamabad: Defence Minister Khawaja Asif said that Pakistan has taken all necessary steps to ensure effective border management with Iran. According to details, Iranian Ambass...

PTI links talks on constitutional amendments to Imran Khan’s release

Islamabad: Senior Pakistan Tehreek-e-Insaf leader Ali Muhammad Khan has urged government to release party’s founder Imran Khan from Adiala Jail before engaging in talks...

More like this
Related

Gold sheds value

KARACHI: Per tola price of 24 karat gold decreased by Rs 300 and was sold at Rs 267,700 per tola on Wednesday compared to its sale at Rs 268,000 on last trading day. Price of...

KSE-100 gains 970pts on heavyweight scrips

KARACHI: Pakistan Stock Exchange (PSX) benchmark KSE-100 Index, led by buying activity in index-heavy shares, crossed 80,000 level. KSE-100 started session with buying spree t...

KCCI Elections: Ruling BMG turns to court to halt elections

KARACHI:  Businessmen Group (BMG), dominated Karachi Chamber of Commerce and Industry (KCCI) for decades, is panicking due to certainty of its defeat in upcoming 2024-26...

CCP cracks down on unfair business practices

ISLAMABAD: Competition Commission of Pakistan (CCP) has intensified its crackdown on monopolies and collusive practices across various business sectors. In significant push...
Need Help? Chat with us