Government urged to take steps to overcome energy crisis

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While lamenting the poor situation, Pakistan Economy Watch (PEW) has urged the caretaker government to take measures for overcoming energy crisis which has adversely affected country’s economic growth. In a statement issued here on Monday President Pakistan Economy Watch Dr Murtaza Mughal said the electricity load-shedding has increased once again across the country as shortfall has reached 4000 megawatt.
He said electricity load-shedding has created a shocking situation in the country which is being badly affected the country’s nascent economy. People of urban as well as rural areas are bound to suffer at the hands of Water and Power Development Authority (Wapda) which has pushed the country into abyss of degradation.

He underlined the need that proper management and good governance will go a long way to control the power deficiency to great extent. Dr Murtaza Mughal said power load shedding mostly depends on the supply of furnace oil and natural gas to the power sector, it is therefore government should ensure fuel supplies on urgent basis to power sector otherwise the power shortfall might further increase in the end of April.
The government, he said has provided about Rs 250 billion subsidies so far on electricity in the current fiscal year 2012.13 whereas the target for the entire year was set Rs 185 billion. “The International Monetary Fund (IMF) didn’t say to increase the power tariff rather insisted to control the budget deficit. There are persistent power cuts, its widespread theft and line losses,”

In: UncategorizedAuthor: host