The industrialists of Lahore Township Industrial Estate (LTIA) have threatened to close down their industrial units if uninterrupted electricity supply to the industrial area was not ensured. In a press statement issued here Wednesday, Township Industries Assciation (LTIA) Chairman Lahore Haroon Shafiq Chaudhry and Senior Vice Chairman Iftikhar Bashir said that industrialists of Lahore Township Industrial Area are paying more than Rs300 million and Rs250 million in electricity and gas bills respectively.
Apart from that, he added, the industry is also paying millions of rupees in sales tax, income tax and social security besides providing employment to more than 40,000 workers. Increased load shedding has put the survival of Lahore Township Industrial Area on stake. They said that LESCO authorities had resorted to repeated power fluctuations and put the entire industry in deep trouble.
They said that if immediate measures were not taken to ensure continuous supply of electricity to the industrial units, nothing could stop the industrial wheel from coming to a grinding halt resulting in massive lay-offs. They said that industry was already passing through a very difficult times and the lack of supply of power and gas was making the situation worse.
