English Press Releases 10.07.2018

FAISALABAD. Mr. Shabbir Hussain Chawla president Faisalabad Chamber of Commerce & Industry (FCCI) has welcomed the decision of Chief Justice (CJ) Mian Saqib Nisar to start immediate construction of two major dams in order to save Pakistan from water aggression by India and to ensure sufficient water and cheap electricity for the future generations of Pakistan.

In a statement issue here today, he said that Pakistan economy was facing multiple problems including shortage of water and electricity. He told that during last few decades Pakistan was worst hit by the menace of load shedding and as a result of it, 2% decline in GDP growth was witnessed. “On the other hand the costly electricity also had negative impact on the national exports”, he added.

Mentioning the available statistics, Mr. Shabbir Hussain Chawla said that the widening gap between import and exports has posed serious threat to the viability of national economy. “It also triggered depreciation of Pakistan rupee which is the main cause of inflation and declined in exports”, he said and added that high cost of doing business has further increased the prices of our exportable surplus which has become uncompetitive in the international markets. He further said that decline in exports also slowed down the industrial growth which is directly linked with the issue of unemployed.

He appreciated the vision of CJ who has taken in time decision to construct 2 major dams including Diamir Basha and Munda Dam. He further said that CJ has himself donated Rs.1 million for its construction instead of restricting to only lip service. He said that it is very encouraging that other sectors are also following the footprints of Mian Saqib Nisar and are donating generously and voluntary for these dams. “Various banks have also opened special accounts to receive the donations”, he said and added that the amount collected would be directly supervised by the CJ himself.

President FCCI has also made a humble appeal to FCCI members and local businessmen to donate for the construction of these dams so that the future needs of water and electricity could be fulfilled satisfactorily. However, Mr. Shabbir Hussain Chawla demanded that separate bank accounts should be opened for Basha, Munda and Kala Bagh Dam also so that people could voluntarily donate for the dam of their own choice and preference. “It will also serve as an independent referendum that which dam is the first priority and choice of the people of Pakistan”, he added.

Continuing Mr. Chawla said that Kala Bagh is the matter of life and death for Pakistan which is unnecessarily exploited politically by vested interests. He said that this dam will not only generate cheap electricity but also provide millions of acres of water to bring un-reclaimed land under plough in all the four provinces. He said that Kala Bagh Dam would also tame the torrent floods which are damaging the infrastructure in addition to the displacement of rural population every year.

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