Published On: Mon, Dec 30th, 2013
Published in Category: Islamabad

Pakistan heading towards worst crisis of its history: FPCCI

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ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Sunday warned that Pakistan is steadily heading towards the most serious crisis of its history.

Talking to the business community in a ceremony president FPCCI Zubair Ahmed Malik said that water scarcity has become a serious issue which is being ignored by all the stakeholders despite knowing that it is the biggest threat to our agriculture and industry of Pakistan.

He said, insufficiency of water has started hurting all the sectors including power generation a big chunk of the electricity is being produced through hydel sources.

Government should do something about it through short-term and long-term policies before it take economy and country as hostage paving way for differences among provinces and eventually leading us to a civil war, he added.

President FPCCI said, Pakistan and India should collectively tackle issue of deforestation and that of the controversial dams otherwise the water problem will emerge as a big threat the peace in the region.

He said, Pakistan is using ninety per cent of available water for agriculture of which a great part is lost due to primitive canal system and other objectionable practices while 35 million acre-feet water is being wasted to the sea every year.

“Pakistani farmers’ uses 100 per cent more water for a crop than an Indian farmer while the ratio is 200 per cent higher as compare to China and 300 per cent higher to developed nations which has become a threat to the food security,” he added.

“A nation being ruthless to its resources is leading on the path of self-destruction and has no future,” he concluded.