LAHORE - The Lahore Chamber of Commerce & Industry Monday termed the launching of Turkmenistan-Afghanistan-Pakistan-India Gas Pipeline Project (TAPI) a revolution in energy sector.

LCCI President Sheikh Muhammad Arshad said that leaders of Turkmenistan, Afghanistan, Pakistan and India have laid foundation of a new era of progress and prosperity in South Asia.

He hoped that this mega project having annual capacity of 33 billion cubic meters of gas would be fully operational during the given time spam. They said that it is a good omen that present regime is utilizing all options to fulfill the energy needs. He said that TAPI is a game changer for all stakeholders therefore we have to monitor this mega project continuously.

They said that the TAPI project is of great regional significance. They said that early execution of the project would help “energy-starved” Pakistan to overcome ongoing crisis that is hitting the industrial sector hard.

He urged the government to remove all obstacles coming in the way of project as project has vital importance for the national economy in general and export-oriented industry in particular. He said that industrial growth would certainly go up when sufficient energy would be available to keep the industrial wheel moving.

He said that early execution of TAPI gas pipeline project would enhance productivity of export-based industry that would give a jumpstart to the country’s exports. They said that large scale manufacturing sector would be able to manage their export orders easily and earn much-needed foreign exchange for the country.

He said that TAPI would be Pakistan’s largest development project. TAPI is expected to boost the economies of all the participating countries.

They said that early completion of TAPI project would also give a very good message to the foreign investors.

The LCCI president said that TAPI project would not only help Pakistan to overcome ongoing energy crisis but would also promote political and economic interaction between Pakistan and Afghanistan who were the main stakeholders of this project.