ISLAMABAD - Due to uncontrolled line losses, theft, inefficiency and wastage of power Pakistan is suffering a huge loss of Rs 45 billion to Rs 50b per annum and Govt should consider to promulgate an energy efficiency law to promote the culture of energy efficiency and power conservation in the country. President Islamabad Chamber of Commerce and Industry (ICCI) Zahid Maqbool said this while chairing a meeting of businessmen here on Friday. Pakistan badly needs to promote energy conservation measures for reviving economy, improving production and restoring jobs, he said and added that the promulgation of energy efficiency law would go a long way in achieving these goals. He said that Government should constitute energy efficiency committees to monitor the compliance of energy efficiency law and ensure its proper implementation to arrest the wastage of energy. He said Government should also announce a separate energy policy for industry and give industrial units permission to install captive power plants for keeping industries in operation along with providing surplus energy to other industrial units, which will help overcome energy shortage to some extent. The Islamabad Chamber of Commerce and Industry President said the Pakistan was reportedly blessed with 65,000 high heads at various places in the country that should be used for water storage. He said that the country had hydrogenation capacity of about 6500 MW, which could be enhanced to 40,000 MW on various sites of Indus and Jhelum Rivers. He said that India was making huge investment in construction of dams on rivers that flowed into Pakistan that should be a wake-up call for Pakistanis. He stressed upon the Government to take up this issue with India urgently along with revisiting the Indus Water Treaty otherwise, Pakistan could face acute water shortage in coming days due to construction of dams by India on the rivers, which flow into Pakistan.