ISLAMABAD: The Businessmen Panel (BMP) of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Saturday called for early removal of the hindrances to avoid delay, as the execution of major hydel power projects might get delayed if impediments were not addressed immediately.
The Businessmen Panel (BMP) Chairman Mian Anjum Nisar warned the government of the impediments including land acquisition, financial flows, Covid-19, and emerging security scenario, causing delays and cost escalations to the Diamer Bhasha and Mohmand Dams, affecting the timeliness set for completion of the projects.
Also stressing the need for establishment of renewable projects in the country, he said that the hydle projects initially suffered because of the Covid-19 outbreak in China that affected mobilization and was followed by lockdowns in Pakistan and subsequent standard operating procedures for operations of transport and factories in the country.
He reiterated the demand of speedy the completion of both projects as early as possible. He said that the resettlement issue was required to be resolved to the satisfaction of the people while the relocation of Karakoram Highway, a part of which was very critical for construction activities.
Moreover, the financial flows were also the issue that required to be focused on to ensure that recovery plans to compensate for the lost timelines.
