The Federal minister for Industries Hazar Khan Bajrani stated in senate that in the last few years owning to diffirents reasons 2500 industries have closed their operations. About 700 in Sindh, 668 in Khybar Pakhtoon Kha, 115 in Punjab, and 29 industries in Balochistan have been shut down so far. In export proccessing zone 47 units have been closed. These are the statistics that government have, there are many other small units that have been shut. The situation is getting worse every day, if this is to go on then what we will see is unimaginable. A major reason for the shut down is shortage of electricity and gas loadsheding. Many businessmen have already moved their setups to Bangladesh and many others are planning to move. The second big reason is corruption, that is on ever high. According to recent World Bank report corruption is a big hurdle in establishing and running any industry in Pakistan.
P.S.
PM Gillani said dont tell him the problem, they know it already, give them the solution. But if we have to point out the problems and provide solutions then what the hell we have elected you for!
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