LAHORE: Chamber of Commerce and Industry here (LCCI) today termed deadlevel of water in dams alarming and said that the country would be facing irreparable loss if new water reservoirs/dams were not built.
LCCI President Malik Tahir Javaid said here that water storage capacity had gone down horribly and all those were responsible, who were opposing the important water and power projects. Pakistan is an agrarian economy and it cannot afford water dearth at any cost. But unfortunately, no strategy has been evolved to resolve the issue, he added. Malik said that country dependent on only two big dams including Tarbela and Mangla and it was a matter of concern that water storage capacity of the two dams had been reduced significantly and the situation would be more concerning with the passage of time. “Lack of reservoirs and water wastage are the biggest reasons of terrible water shortage in the country. Ongoing water crisis was a result of putting Kalabagh Dam into a dispute while previous year, around 12 million acre feet water wasted to sea that is equal to the capacity of two big-dams,” he maintained.
Malik Tahir Javaid said that Pakistan could hardly escape from becoming a desert, unless drastic measures were taken instantly. He said that sufficient availability of water was must for sustainable development but in Pakistan, the per capita availability of water was decreasing because we have water but not enough reservoirs for storage. With every passing year, Pakistan was getting close to the brink of mass starvation because of a drastic cut in water availability from 5,000 cubic meters per capita in the 1950s to 1000 cubic meters today, he said and mentioned, “As per World Bank analysis, our storage capacity has gone down to 150 acre feet. India has improved its per capita storage up to 200 acre feet which will get further better once under-construction dams start operating,” he maintained. Lahore Chamber’s President said that these facts called for establishing water reservoirs in the whole country which would enhance the capacity of water storage and the same reservoirs would come handy in case of low and medium floods.
15 countries attending Int’l plastic products expo in Tehran
TEHRAN: Iranian Deputy Petroleum Minister Reza Norouzzadeh and other officials from the country’s oil and petrochemical industry participated in the inauguration ceremony of the ‘Iran Plast’ exhibition.
The biggest-of-its-kind in the Middle East, the exhibition hosts as well as visitors from 22 countries. Iranian petrochemical companies are planned to engage with their peers in other countries during the event.
The 12th edition of Iran Plast exhibition is underway in Tehran International Permanent Fairground. The four-day event is expected to wrap up on Thursday, 27th September.
USCS leads Pak businessmen to Solar Power Trade Event in US!
KARACHI: The United States Commercial Service (USCS) is leading a 15-member delegation of Pakistani companies to Solar Power International (SPI) trade show, held in Anaheim, California from September 25 – 27, 2018.
The SPI trade show is the largest solar show in North America. SPI 2018 is expected to attract over 650 exhibitors and over 20,000 attendees from more than 100 countries. Focused on providing the latest updates and information for the solar energy industry, SPI features multi-track conference sessions and workshops on business and market trends, solar storage, utility, and grid integration.
“The Pakistani market is poised to take off in Solar Power, guided by a motivated government working to strengthen and expand economic and foreign investment opportunities and development,” said Mark Russell, Commercial Counselor at the U.S. Consulate in Karachi.”
Chinese industrialists to invest $400 m in Sindh
HYDERABAD: The industrialists belonging to China’s Chongqing Federation of Industry and Commerce will invest $400 million in several trade and industrial projects in Hyderabad and other parts of Sindh.
The federation’s representative Zhang Yang informed a press conference at the office of Hyderabad Chamber of Commerce and Industry (HCCI) here Sunday that a memorandum of understanding (MoU) has already been signed in this regard. Yang informed that the MoU, which would last for 5 years, was signed between the Federation and HCCI in China in May this year.
He said under the MoU the investments would be made in steel, textile, and clothing, real estate, agriculture, tourism, education and training, municipal and solid waste disposal sectors. “We have declared Chongqing and Hyderabad as the friendly cities,” he told, adding that up to 34 industries and investors from Chongqing would make their investments in the joint ventures in Hyderabad and other cities of Sindh.
He told that the industrialists from the 2 cities had already maintained a promising cooperation in the industry. “We now want to further bolster the business ties in the steel, textile, real estate, and other sectors,” Yang said. He said Chongqing was a beautiful city in China and that it was home to the automobile and motorbike industry.
The Chinese businessmen said Hyderabad was a favorite place for investment where the Chinese industrialists intended to introduce advanced technology. He informed that Hyderabad was selected for the investment after HCCI submitted investment proposals to the federation. “This MoU is part of the CPEC as 34 Chinese companies will be making investments in various sectors,” former HCCI president Seth Goharullah said.
The HCCI’s vice president Ziauddin, who signed the MoU with his Chinese counterparts earlier in China, apprised that a formal agreement between the mayors of Chongqing and Hyderabad would be signed in October in Pakistan. He told that the Chinese delegations would visit Hyderabad and sign agreements with the local companies. According to him, a sub-office of the federation was also established in Hyderabad’s SITE area and it would also be inaugurated in October. The office bearers and members of HCCI were present on the occasion.