May 09 , 2017


Border tensions should be diffused: Ikram

ISLAMABAD: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Tuesday said that border tensions with Iran and Afghanistan should be diffused.

Islamabad, Tehran and Kabul should not allow the tensions to escalate as it will damage all the stakeholders, it said.

The situation should not be allowed to last for long while it should not have any impact on bilateral trade and second round of FTA talks between Pakistan and Iran scheduled in July, said FPCCI Regional Committee on Industries Chairman Atif Ikram Sheikh.

He said that business community hopes that Pakistan and Afghanistan would properly address the border issue and jointly uphold peace and stability.

Ikram lauded the authorities of both Pakistan and Afghanistan who have issued conciliatory statements in an apparent attempt to defuse the situation.

He lauded the government for establishing a number of energy projects to bring load shedding to an end.

The business leader said that apart from the new projects, the operational projects should be improved while the transmission and distribution system should be upgraded without any delay.

He said that an efficient energy system can save around fifty percent of electricity and millions of litres of fuel cutting oil import bill to half while saving fifty percent of the natural gas.

He said that China is consuming fifteen percent of the global energy but if upgrades infrastructure to the level of Japan it will save fifty percent of the energy worth billions of dollars.

Our government should promote energy efficiency in state-run and private institutions, he said.




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