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Industries still seeking business friendly energy policy

Industries still seeking business friendly energy policy

Interview with Mr Ahmed Chinoy (H.I.S.I) — a renowned businessman

Profile:

Mr Ahmed Chinoy is a businessman by profession and social activist by nature. Being in his profession for over 25 years with a vast experience and knowledge, he is associated with the textile industry since the beginning of his career. He is also the current/past Chairman of Pakistan Cloth Merchants Association, an organization looking after the trade regulations with regards to textiles in the country. His business has diversified into more categories that are Construction Development, Project Management and Controlled Poultry Farms. He has served as the CPLC Chief for over 6 years and is associated with multiple NGOs working for the betterment of the country in different fields such as health, law and order situation, education and other departments. This work has led him to be the recipient of two highly prestigious National Awards: Sitara-e-Imtiaz and Hilal-e-Imtiaz. He is currently serving as the Director of Pakistan Stock Exchange.

PAGE: Could you tell us about the energy issues for the industry in Pakistan?

Ahmed Chinoy: Energy plays a very key role in the development of any industry. And a crisis in this sector damages the whole unit. There is a major shortage in terms of supply and voltage. Industries suffer and therefore lack behind due to insufficient power and are not able to work at full capacity. Another issue that the government is dealing with is the electricity theft, which is becoming difficult to control and keep track. Similarly, gas energy is though found in abundance but is not utilized or restored to its maximum capacity and therefore there is a lack in energy.

PAGE: How would you comment on the energy policy of Pakistan for investment?

Ahmed Chinoy: The energy policies of Pakistan specifically for investment in industries are not very business friendly. The government should take immediate measures in terms of supply and costing to make the industries work more efficiently and produce good results.

PAGE: Your views on the alternative energy:

Ahmed Chinoy: I believe alternative forms of energy shall be explored and used to maintain the demand and supply and make industries self-sufficient. This will also help in strengthening the economy and produce better results.

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