News » Business »
Electricity Crisis in Pakistan
Voice Up
Flag
Email
Digg
Reddit
Facebook
StumbleUpon
The tribal Union of Journalists felicitated Rahmat Shah Afridi on his ... 
- Filter by News Source:
- All
- Lahore
- Pakistan
- South Asia
- World
IST(30/4/2008) In a bid to avert a major political crisis, Nawaz Sharif, the leader of the Pakistan Muslim League-Nawaz (PML-N), an important ally of Prime Minister Yusuf Raza Gilani's government, on Tuesday held an emergency meeting with Pakistan Peoples’ Party (PPP) leader Asif Zardari.
Pakistan is suffering a severe power crisis which is affecting all the sectors of the economy. A close scrutiny of the crisis would suggest that effective measures on an urgent basis should be taken to control the situation. According to reports, there is a shortage of 3,000 megawatts of electricity in the country and by the end of 2010, it will be 5,050 megawatts.
This decision will have a bad impact on the overall economy in general and textile and cement sectors in particular, as electricity is important element of these sectors. The profit margin of these industries are not more than 3-6 percent, if the price of electricity increases by 15 percent, they have to increase the prices of their outputs and our products will not longer be able to compete in the international market.
It is clear that the pressure on the rupee comes from hard economic realities such as a yawning international trade deficit, driven up by fast rising values of imported oil and to some extent commodities as well. The ultimate question must be exactly to what extent are these trends driven by economic parameters and where do other considerations kick in.
This is a serious situation and I am at a loss as to why building of water reservoirs has been allowed to become a political issue in Pakistan. One was expecting General Musharraf to deliver on this front at least; he should not let political concerns come in the way of what�s good for the nation and its people.
Election Commission of Pakistan on Thursday appointed District Returning Officers, Returning Officers and Assistant Returning Officers for the purpose of holding bye-elections to fill the vacant seats in the Provincial Assemblies. The announcement has been made under the provisions of Section 7 of the Representation of the People Act, 1976.
Muslim League-N leader Nawaz Sharif is to leave for Dubai Tuesday night in a bid to end the stalemate in talks on restoration of deposed judges with People’s Party. He would meet Co-Chaimain of Pakistan People’s Party Asif Ali Zardari on Wednesday. There is only one day left in a deadline for the restoration of the judges.
Chief of Pakistan Muslim League-N Mian Muhammad Nawaz Sharif has said that strengthening of institutions is imperative to block the way of martial law and dictatorship in future. Talking to a private television channel the former Prime Minister said that strengthening of democracy, supremacy of parliament and independence of judiciary and media are the objectives which, if achieved, would help keep the vehicle of democracy on right track.
Pakistan's former prime minister Nawaz Sharif flew to Dubai on Tuesday for a crucial meeting to decide if his party should stay in a month-old coalition with the party of the late Benazir Bhutto. Sharif is expected to meet Asif Ali Zardari, Bhutto's widower and leader of her Pakistan People's Party (PPP), on Wednesday to try to break a deadlock over reinstating judges sacked by President Pervez Musharraf late last year. "I want from the core of my heart that this coalition should last.
Chief of Pakistan Muslim League-N, Mian Muhammad Nawaz Sharif Tuesday said “we want Pakistan related matters to be settled within the country and for this I am heading Dubai to hold one to one talks with Asif Zardari.” Talking to media here at Lahore air port before leaving for Dubai, Nawaz Sharif said: “Although there have been two rounds of talks between PML-N delegation and Asif Zardari, I feel my presence in Dubai is important at this critical juncture.” |
Site Links
Contributions
- Sign up, and add your voice by contributing to allvoices
- Report Your News
- Add your voice and contribute via your cellphone - check out how at SMS coverage by country & carriers
