
Concern over precarious water supply in SITE area
KARACHI: Patron-in-Chief Zubair Motiwala, Chief Coordinator Saleem Parekh, President Ahmed Azeem Alvi of SITE Association of Industry and APTPMA Regional Chairman Anwer Aziz have expressed concern over precarious water supply position in SITE area because of less supply of water from KWSC to SITE Ltd through two direct connections and supposed to receive 8 MGD water daily basis.
Water supply has been curtailed or being supplied at low pressure as a result of which the industries are compelled to get meagre supply of water through bowsers. The situation has become worst lately because of reduction of subsoil water supply resulting in closure of factories.
Due to precarious shortage of water all industries, especially export oriented industries, are suffering huge losses and facing non-fulfilment of export orders due to which the country's reputation is at stake.
At this age of intense global competition, the cost of production, which is already higher than regional competitors, has escalated manifold because the industries are procuring water from the tanker mafia. Water shortage has crippled industrial and business activities.
An urgent joint meeting of Industrialists of SITE Association of Industry and All Pakistan Textile Processing Mills Association was held under the Chairmanship of M Zubair Motiwala at SITE Association of Industry.
A committee has been formed under the Chairmanship of Saleem Parekh to deal with water issues with the Federal and Sindh governments. Prominent among those present in the meeting were Zulfiqar Ali Chaudhary, M Iqbal Arbi, M Karman Arbi, M Iqbal Lakhany, Altaf Shekhani and others.
Zubair Motiwala emphasized that water shortage will negatively impact the export target and foreign exchange earnings. He said that Karachi Industrial areas are paying 50% of the country's taxes, but it continues to receive unfair treatment.
Anwer Aziz said that 40% of Textile Processing Industries in Pakistan are located in SITE Industrial area and water is the basic raw material of Textile Processing Industries, especially valued added Textiles. Paucity of water will lead to a complete closure of Textile Processing Industries leading to massive unemployment and industrial unrest.
He added that the new tariff scenario of reciprocal tariffs will also seriously affect Pakistani textile share in USA due to higher cost.
He advised that the 90 days' reprieve by President Trump should give stakeholders and government the opportunity to revisit the deficiencies in supply of continuous water, power and gas. Curtailment of textile production will upset the production and shipment of final products.
He urged the Prime Minister of Pakistan, Chief Minister Sindh, and Sindh Minister of Industries to immediately take cognizance of the crisis and depute teams to resolve water issue of SITE Area on urgent basis.
Copyright Business Recorder, 2025
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Express Tribune
14 hours ago
- Express Tribune
US fund commits $10m to Pakistani startups
Listen to article A US tech fund has committed $10 million to two Pakistani IT entrepreneurs and IT experts have praised this move as it looks promising for the future. Tech analyst and expert Muhammad Yasir said that Pakistani IT firms are penetrating different traditional and non-traditional markets with their innovative products and services, which is a positive sign. Attracting investments from US-based companies will not only boost business growth and expansion of Pakistani IT companies but it will also improve the image of the country in the relevant sector, opening doors for other companies in high-end markets such as the US and EU. Pakistani IT companies need to reach more similar investors and venture capitalists in major traditional markets like the US, EU and non-traditional markets like the UAE and Saudi Arabia to expedite the overall growth of Pakistani IT exports and expansion. JR Dallas Tech Fund, the premier private investment arm of JR Dallas Wealth Management, announced a groundbreaking $10 million commitment to globally recognised technology leaders Mehwish Salman Ali and Malik Mudassir to spearhead an exclusive US-focused startup investment initiative. Under this landmark agreement, Mehwish Salman Ali and Malik Mudassir will receive $10 million in dedicated capital to identify, evaluate, and invest in high-potential startups planning to scale operations in the US. The duo will serve as lead investment partners with full authority to deploy capital across artificial intelligence, cloud computing, digital health, and frontier technology ventures. "We are entrusting $10 million to two of the most visionary technology leaders of our generation," said Jehangir A Raja, Managing Partner at JR Dallas Tech Fund. "Mehwish and Malik represent the perfect combination of technical expertise, entrepreneurial success, and strategic vision needed to identify the next generation of game-changing startups ready to conquer the American market." This $10 million commitment specifically targets startups with proven capabilities seeking to establish or expand operations within the US, creating a direct pathway for international innovation to contribute to American economic growth. The investment is likely to generate positive economic impacts as these companies are expected to generate 300-500 high-skilled technology positions within 24 months. Portfolio companies are projected to contribute $50-100 million in US economic activity within three years and accelerate breakthrough technologies in AI, healthcare, and cloud infrastructure. Mehwish Salman Ali brings unparalleled expertise as Founder & CEO of Data Vault, Pakistan's first solar-powered and quantum-encrypted AI data centre, Co-Founder of Zahanat AI, the country's first indigenous GPT model, and COO of AppsGenii Technologies. Malik Mudassir commands respect as Founder & CEO of AppsGenii Technologies, operating across the US, UK, and Pakistan, and Co-Founder of multiple successful ventures including GharPar, BoxesGen, and Dental Connect. The $10 million fund operates under a rigorous investment framework designed to maximise both financial returns and economic impact: "Receiving this $10 million commitment from JR Dallas Tech Fund represents more than capital; it's a mandate to bridge the gap between global innovation and American market opportunity," said Mehwish Salman Ali. "We are committed to identifying startups that not only promise exceptional returns but also contribute meaningfully to US technological leadership." Malik Mudassir added, "This $10 million investment enables us to support visionary entrepreneurs who understand that scaling in America requires more than great technology it demands deep market insight, operational excellence, and strategic partnership. We're here to provide all three."


Business Recorder
15 hours ago
- Business Recorder
Businessman says community optimistic about budget prospects
KARACHI: The Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum, the President of All Karachi Industrial Alliance, the Chairman of the FPCCI Advisory Board, and the President and former provincial minister, Mian Zahid Hussain, said that the business community has high expectations from the new budget. He said that amid an ongoing economic crisis, high inflation, and widespread unemployment, the public is looking to the government for a budget that offers meaningful relief, enabling the industrial and trade sectors to move toward stability, ease of doing business, and growth. He said that the private sector seeks a budget that promotes investment, lowers production costs, broadens the tax base, boosts exports, eliminates the trade deficit, and helps the economy function at full strength. At the same time, an increase in the defence budget is essential. Concrete measures must also be introduced to promote austerity, control unnecessary spending, and curb corruption. Mian Zahid Hussain said the Pakistani economy has been under pressure for several years. While measures taken under IMF conditions helped Pakistan avoid default, they also burdened the population with unemployment and inflation. Given these circumstances, the new budget must combine public relief with structural economic reforms. He added that unnecessary subsidies should be eliminated, tax exemptions must be reviewed, government expenditures must be curtailed, and failing state-owned enterprises should be privatized. Mian Zahid Hussain emphasized that agriculture, IT, exports, and the SME sector must be prioritized for support so that they can generate jobs and strengthen the economy. Operationalizing special economic zones, ensuring uninterrupted and affordable energy supply, and improving infrastructure should also be priorities. He further stated that the budget should not be viewed merely as a tool for increasing revenue but rather as a means of promoting public welfare, industrial progress, and poverty reduction. Without a sustainable economic vision and a clear roadmap, temporary steps will yield no long-term benefits. He emphasized that the people of Pakistan have already made many sacrifices, and the time has come to offer them relief. If the government presents a well-directed and thoughtful budget, it will not only contribute to economic stability but will also help restore public confidence and bring political stability. Mian Zahid Hussain underscored the need for national consensus, wisdom, and foresight to steer the economy forward. All this is possible through a balanced, comprehensive, and people-friendly budget. He concluded by saying that if economic policies are continued without disruption, an investor-friendly environment is created, undue pressure on industrialists is alleviated, and the tax system is simplified and made fair, both domestic and foreign investment will increase. Taxpayers should be respected, and non-filers should be encouraged to bring themselves into the legal framework. Copyright Business Recorder, 2025


Business Recorder
15 hours ago
- Business Recorder
PHMA slams plan of distributing 2,000MW power to Bitcoin mining
LAHORE: The government's proposed plan of distributing 2,000 megawatts of excess power to Bitcoin mining and artificial intelligence (AI) data centers has faced harsh resistance from industrialists, merchants, and farmers, who contend that the power should be distributed among productive sectors to increase employment and economic growth. Sardar Usman Ghani, Central Chairman of the Pakistan Hardware Merchants Association, expressed serious reservations about the decision, saying that making available cheap electricity to a 'non-productive, speculative industry' is not justifiable when industry, agriculture, and labour-intensive industries are facing an energy crunch. It is shocking to learn that the government plans to export excess electricity to speculative activities such as Bitcoin mining rather than encouraging the productive industries' Ghani informed Business Recorder. 'The decision will not create jobs or drive actual economic growth. It will just promote a privileged group at the expense of industries, traders, farmers, and workers,' he added. The row is based on the government's alleged talks with Bitcoin miners and AI companies to provide them with electricity at subsidised tariffs to leverage surplus power generation capacity. Critics, however, say Pakistan's persistent energy shortfalls make such an allocation irresponsible, especially when industrial and agricultural sectors suffer intermittent outages. Industrialists and economists have raised questions regarding the economic logic of the decision, pointing to the specious nature of crypto currency markets. Bitcoin mining is extremely power-guzzling, and with electricity costs accounting for a large percentage of operating costs, critics say that the government stands to incur massive losses if prices of crypto currencies plummet. Additionally, the opacity in tariff fixation and the void of a proper regulatory structure for crypto currencies have further acted as repellents. The International Monetary Fund (IMF) has also asked for explanations from Pakistani officials, requesting information on electricity tariffs and the legal status of crypto mining. Virtual talks between Pakistani authorities and the IMF will soon be initiated to sort these issues out. Usman Ghani said that industrial sector of Pakistan has been known to face an unreliability of power supply, and allocating 2,000 MW for Bitcoin mining might be doing it harm. Business owners contend that giving higher preference to speculative activities over manufacturing, agriculture, and small business hampers the allocation of resources, which could dampen sector growth in areas generating jobs. Copyright Business Recorder, 2025