Prolonged load shedding in SITE halts industrial production: SAI Chief

Business Sep, 23 2022
Prolonged load shedding in SITE halts industrial production: SAI Chief
  • 285
  • 0

KARACHI: Abdul Rasheed President Site Association of Industry (SAI) expressing concerns over 8 hours’ load shedding from 12:00a.m at night to 8:00a.m in morning in SITE area on daily basis said that load shedding is bound to have adverse impact on economy, particularly on export sector.

As such, government should ensure uninterrupted supply of electricity to industries to keep wheels of industry moving and to ship export orders on time. In a statement, he said that industrial production is being badly affected and it has become difficult for industry owners to produce goods as per demand. Industries are already facing issues like low gas pressure and liquidity crisis amongst other issues which are affecting industrial production.

Published in The Daily National Courier, September, 23 2022

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

NC Big Stories

BCCI refuses to include Pakistan’s name on India’s Champions Trophy jersey

New Delhi: A new controversy has erupted ahead of the ICC Champions Trophy 2025, as the Board of Control for Cricket in India (BCCI) reportedly refused to feature ‘Pakistan,’ the host nation’s name, on Team India’s jerseys. T...

Gaddafi Stadium becomes Pakistan’s ‘largest’ cricket venue

Lahore: Pakistan Cricket Board (PCB) has assured that venues for this year’s Champions Trophy are fully prepared, as it invited the media for a tour of stadiums in Lahore and Karachi. The eight-team, 50-over event will be the first global crick...

Saif Ali Khan discharged after stabbing incident

Bollywood actor Saif Ali Khan has been discharged from Mumbai’s Lilavati Hospital, five days after sustaining critical injuries in a stabbing incident at his home. The 54-year-old actor, who was rushed to the hospital following the attack, was...

Sana, Shoaib set the ramp on fire  in Doha, Qatar

Sana Javed, the renowned Pakistani TV and film actress with a massive social media following of 9 million, recently made waves in Doha, Qatar, at a high-profile fashion event. Known for her stellar roles in hit dramas like Pyare Afzal, Zara Yaad Kar,...

More like this
Related

Ministries directed to align objectives with Uraan Pakistan

ISLAMABAD: Federal Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, has instructed all ministries to align their objectives with the "Uraan Pakistan" initiative and designate senior focal persons to ensure consistent coordina...

FPCCI ruling group destroying trade & industry in the country

KARACHI: Mian Anjum Nisar, former president FPCCI and Chairman Businessmen Panel (BMP) Pakistan disclosed that Lahore Chamber election was most critical and sensitive venture where all the opponents gathered to defeat us but by the grace of Allah alm...

KSE-100 loses over 800 points

KARACHI: The Pakistan Stock Exchange (PSX) experienced a volatile session on Tuesday, with the benchmark KSE-100 Index losing over 800 points. The market began on a positive note, pushing the index to an intra-day high of 116,424.85. However, selling...

FBR shares plan with IMF to bridge revenue shortfall

ISLAMABAD: The Federal Board of Revenue (FBR) has outlined a comprehensive plan to the International Monetary Fund (IMF) to tackle the revenue shortfall that has been a persistent issue. According to sources, the FBR aims to improve several key area...
Need Help? Chat with us