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Big industrial units facing serious crisis:
 Muzaffar Hameed February 3, 2011, 02:18:29 AM 

 Due to lack of investors confidence in the government and deteriorating law and order situation, big industrial units of the country are facing a grave crisis leading to a massive decline in industrial growth. The State Bank in its report, released on January 2, 2010, also conceded that large-scale manufacturing growth dropped to minus 2.3 during the last five months (July to November 2010). Economic experts say the scenario was reflective of the bad economic situation. Renowned economist Dr Shahid Hasan Siddiqi told The News that worsening law and order situation, electricity crisis and other related issues not only affected expansion in the industrial growth but also led to massive decline in industrial production. He said at least one industrial unit was closed daily while the government failed to take any step to arrest the situation and restore the economy. Dr Shahid regretted that no proper industrial infrastructure was available in the country. As a result local and foreign investors were hesitant to invest. Full Story

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