Lahore, February 11, 2014 (PPI-OT): Pakistan Industrial and Traders Associations Front (PIAF) has urged the government to ensure fool proof security of sensitive installations as any terror act causes unbearable loss to the all segments of society including trade and industry.
In a statement issued here, Chairman PIAF Malik Tahir Javed, Senior Vice Chairman Khamis Saeed Butt and Vice Chairman Amjad Ali Jawa said that recent blasts of gas pipeline at Rahim Yar Khan had suspended gas supply to the Punjab and halted economic activities across the province. He said that one day gas closure to the Punjab industry causes loss of Rs. 6.68 billion as far as production is concerned while total economic loss is more than Rs. 9 billion.
The PIAF office-bearers said that the business community understands the government was making sincere efforts for the promotion of trade and economic activities in the country but the anti-social elements and terrorists were out to destabilize the economy.
They said that such incidents on railway tracks and gas installations send a very negative signal to the foreign investors besides discouraging the local investments.
They said that the government has to evolve a fool proof security in consultation with the business community to avert such incidents in future.
They expressed the optimism that the ongoing talks would be completed successfully in near future as whenever such an incident takes place, it is the trade and the industry that suffers heavy loss.
The PIAF office-bearers said that recent blasts, it was not the trade and industry alone but the common citizens also faced numerous problems while the school children could not have their breakfast and lunch.
They said that the business community appreciates the government efforts for repairing the damaged sites and restoration of gas supply in a quicker manner.
For more information, Contact:
Pakistan Industrial and Traders Associations Front
110/s Kot Lakhpat Industrial Estate
Phone: (92) 42 5123522
Fax: (92) 42 5123522