80% sick units paralyse key sectors

The toll from over 80% of sick units has significantly impacted all key sectors nationwide. The escalating closures of these units have left millions of skilled and semi-skilled workers, along with professionals, jobless due to the high costs of doing business, including steep gas and electricity tariffs. The proliferation of sick units has stunted industrial growth and eroded the quality of life for workers, particularly in Karachi, a vital economic hub. This situation has contributed to a surge in street crimes and worsened law and order, exacerbating unemployment, particularly among Karachiites. Public organisations are failing to initiate mega projects, while the private sector grapples with soaring energy tariffs, making it less competitive globally compared to neighbouring countries like Bangladesh and India.