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Home » Chambers of Commerce, Official News

FPCCI announces unconditional support for Kalabagh Dam

June 29, 2018

Karachi, June 29, 2018 (PPI-OT): In a major policy shift, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday announced its unconditional support to the controversial Kalabagh dam (KBD) terming it imperative to the survival of the country. Breaking its long silence over the issue, it also welcomed the action taken by the Supreme Court on water issues and KBD calling it a ray of hope at a time when Pakistan has become a water-starved country.

In a joint statement issued here today, Acting President FPCCI Atif Ikram Sheikh and Vice President Karim Aziz Malik said that KBD was proposed six decades ago but it was never implemented due to political controversies. A technical matter has been transformed into a political matter while the country continues to suffer, they added.

The business leaders said that Pakistan is considered a developing country where problems like power shortage and less availability of water are in dire need to be taken care of which is now realized by the Supreme Court. Atif Ikram Sheikh and Karim Aziz Malik said that after independence India has constructed 4000 dams whereas Pakistan could manage only 150 dams out of which the major reservoirs of Mangla and Tarbela are dying with a rapid pace.

Pakistan had a water storage capacity for only 30 days of consumption whereas India had water reserves enough for 170 days while we continue to waste 25 million acre-feet of water worth billions of dollars every year because of lack of storages. Politicians have remained blind to our needs for a long time and now the nation should be united to realise the cheap source of electricity as the unit price of electricity produced by hydropower is half the power produced through solar or wind energy, they added.

The cost of not building KBD and not settling issues between provinces is very high as economy and masses will continue to suffer and natural disasters coupled with power shortages will continue to damage the country. The perceptions about KBD are unfounded which are aimed at safeguarding the interests of the country’s enemies, they said, adding that a mechanism for joint control of all the concerned provinces over the dam and its water can pave way for a political consensus.

For more information, contact:
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Shahra-e-Firdousi, Karachi-75600, Pakistan
Tel: +92-21-35873691, 93-94
Fax: +92-21-35874332
Email: info@fpcci.com.pk
URL: www.fpcci.com.pk

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