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PPI Original Text (PPI-OT) – Pakistan Industrial and Traders Association Front has demanded of the Federal Finance Minister to immediately release funds for Thar Coal Project

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by May 15, 2012 General

Lahore, May 15, 2012 (PPI-OT): Pakistan Industrial and Traders Association Front (PIAF) has demanded of the Federal Finance Minister to immediately release funds for Thar Coal Project which is the most important venture for, not only the industrial sector but for the national economy.

In a press statement issued here Tuesday, Chairman PIAF Sohail Lashari while showing concern over the reports that Finance Ministry was not releasing funds for the project, said that unprecedented energy crisis hollowing the foundations of national economy. More than 12 hours electricity load shadding and limited gas availability have crippled the industrial and economic activities. Government’s least interest in solving the issue of energy crisis has pushed the industrial sector to the wall.

Sohail Lashari said that massive energy crisis has forced a large number of industrialists to close down their industrial sectors of shift to the other countries and millions industrial workers become jobless.

He said that the project is facing serious threats if the finance ministry does not issue the funds immediately.

He said that that despite gasification the gas is being wasted. Once this work is done and the new machinery is brought in the water would enter the chambers and the gas produced would be gone completely.

He said that almost Rs 2 billion is needed immediately but finance ministry has not issued a single rupee during the current fiscal year.

PIAF Chairman said that that the condition of the masses, national economy, trade and industry was very fragile due to non-friendly and groundless policies of the present regime

He said that Thar Coal was a project of national importance and could not only solve the energy crisis but extra gas and electricity could also be exported but government was not releasing funds for this project and wasting huge national exchequer on non-productive expenditures.

He demanded of the government to get aware with the ground realities and release funds for Thar Coal projects immediately to solve the energy crisis.

For more information, Contact:
Pakistan Industrial and Traders Associations Front
110/s Kot Lakhpat Industrial Estate
Lahore, Pakistan
Phone: (92) 42 5123522
Fax: (92) 42 5123522
Email: Info@piaf.pk

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