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Pakistani industrialists reject new load-shedding schedule for Ramazan

09:50 PM | 17 May, 2018
Pakistani industrialists reject new load-shedding schedule for Ramazan
ISLAMABAD - The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Thursday rejected the federal government's load-shedding schedule for the holy month of Ramazan, which started on May 17.

The FPCCI said in a statement that the new 10-hour power outages schedule for the industrial sector was unacceptable and could lead to massive losses to the sector.

FPCCI President Ghazanfar Bilour said that the South Asian country's industrial production and revenue generation will take a massive hit because of the new load-management schedule while thousands of laborers will be pushed towards unemployment.

The PML-N led government has repeatedly claimed to have eliminated the scourge of load-shedding but the latest load-management schedule for the industrial sector has exposed all such unfounded claims, he added.

He further stated that the industrial sector was already facing multiple issues, therefore, the sector must not be exposed further problems.

https://en.dailypakistan.com.pk/headline/massive-power-outage-hits-punjab-kp-as-tarbela-power-plant-goes-faulty/

The FPCCI president also called for an independent investigation into the worst breakdown across the country, just a day ahead of the holy month, which resulted in losses to the tunes of billions of Pakistani rupees.

The leading industrialist went on to say that the government has already spent billions of rupees to improve the ailing power sector but majority of the concerned departments are still headed by the non-technical and incompetent officials which is one of the reasons behind power sector woes.

He questioned the appointment of non-relevant bureaucrats in the power sector, saying that inexperienced bureaucrats have been posted against highly technical posts in the power sector which is destabilizing the whole system.

He said that the important slots in the power system should be filled by the highly experienced and competent engineers, otherwise masses and business community will continue to pay the price of negligence of government.

Bilour said that the fault in the power system disturbed life across the country, especially in the province of Khyber Pakhtunkhwa and it took a toll on masses in the residences, schools, hospitals, courts and offices, etc.

The government has decided to carry out a 10-hour power management in the industrial sector to ensure uninterrupted power supply to the domestic consumers during the holy month of Ramazan.

The writer is a member of the staff.

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Currency Rates in Pakistan Today - Pak Rupee to US Dollar Open Market rates 12 May 2024

Pakistani rupee rates against US Dollar and other currencies on May 12, 2024 (Sunday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.2 for buying and 279.7 for selling.

Euro stands at 296 for buying and 298.7 for selling while British Pound rate is 344 for buying, and 347.5 for selling.

UAE Dirham AED was at 75.1 and Saudi Riyal came down to 73.40.

Today’s currency exchange rates in Pakistan - 12 May 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 279.7 
Euro EUR 296 298.7
UK Pound Sterling GBP 344 347.5
U.A.E Dirham AED 75.1 75.5
Saudi Riyal SAR 73.40 74.10
Australian Dollar AUD 180.5 182.5
Bahrain Dinar BHD 739.61 747.61
Canadian Dollar CAD 203 205
China Yuan CNY 38.43 38.83
Danish Krone DKK 40.16 40.56
Hong Kong Dollar HKD 35.6 35.95
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 904.67 913.67
Malaysian Ringgit MYR 58.71 59.31
New Zealand Dollar NZD 166.93 168.93
Norwegians Krone NOK 25.69 25.99
Omani Riyal OMR 722.52 730.52
Qatari Riyal QAR 76.44 77.14
Singapore Dollar SGD 204 206
Swedish Korona SEK 25.79 26.09
Swiss Franc CHF 306.4 308.9
Thai Bhat THB 7.56 7.71

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