AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)

Pakistan Industrial and Traders Associations Front (Piaf) and representatives of other trade organisations have said increase in patrol, gas and electricity prices would render national industry out of the race of international competition. "It seemed that utility providers have fixed their turn to increase their service charges, multiplying the problems being faced by the national industry. Such a situation would make it impossible to overcome trade deficit, unemployment and poverty," said Piaf vice-chairman Mian Abuzar Shad here on Monday.
He said repeated increase in the industrial input by the utilities under government control was negating the government claims that national industry was ready to face the WTO era. He called upon the Prime Minister Shaukat Aziz to withdraw the recent increase in gas charges and expected hike in the electricity rates.
Lahore Township Industries Association (LTIA) Chairman Nasrullah Mughal and Senior Vice-Chairman Khawaja Shahzad Nasir termed over eight percent recent increase in gas prices as an unjustifiable burden on the industry.
In a joint statement, they said the industry was yet to survive the shock of Rs 5.50 increase in patrol price during last 45 days, when gas prices were raised and rumours of raise in electricity charges started circulating. Describing this situation as very harmful for industry, they said that industrial sector should be provided cheaper utility package.
Autoparts Exporters Association (AEA) Chairman Tahir Javed Malik termed repeated increase in utility prices as anti-industry step. He alleged that pace of manufacturing sector was slowing down due to high utility charges, which might result in decreasing the export volume. He said the government should take wise steps and not allow a free hand to utilities to increase its charges.

Copyright Business Recorder, 2005

Comments

Comments are closed.