AIRLINK 209.55 Decreased By ▼ -1.42 (-0.67%)
BOP 10.46 Decreased By ▼ -0.21 (-1.97%)
CNERGY 7.35 Decreased By ▼ -0.06 (-0.81%)
FCCL 34.39 Increased By ▲ 0.82 (2.44%)
FFL 18.05 Decreased By ▼ -0.36 (-1.96%)
FLYNG 22.92 Decreased By ▼ -0.70 (-2.96%)
HUBC 132.49 Increased By ▲ 1.10 (0.84%)
HUMNL 14.14 Increased By ▲ 0.04 (0.28%)
KEL 5.03 Increased By ▲ 0.05 (1%)
KOSM 7.07 Decreased By ▼ -0.09 (-1.26%)
MLCF 45.20 Increased By ▲ 1.44 (3.29%)
OGDC 218.38 Increased By ▲ 4.82 (2.26%)
PACE 7.58 Increased By ▲ 0.13 (1.74%)
PAEL 41.70 Increased By ▲ 0.17 (0.41%)
PIAHCLA 17.30 Decreased By ▼ -0.17 (-0.97%)
PIBTL 8.55 Decreased By ▼ -0.05 (-0.58%)
POWERPS 12.50 No Change ▼ 0.00 (0%)
PPL 189.03 Decreased By ▼ -0.57 (-0.3%)
PRL 42.33 Decreased By ▼ -1.98 (-4.47%)
PTC 25.17 Increased By ▲ 0.20 (0.8%)
SEARL 103.96 Increased By ▲ 0.59 (0.57%)
SILK 1.03 No Change ▼ 0.00 (0%)
SSGC 39.24 Decreased By ▼ -1.26 (-3.11%)
SYM 19.16 Decreased By ▼ -0.36 (-1.84%)
TELE 9.24 Decreased By ▼ -0.20 (-2.12%)
TPLP 13.10 Decreased By ▼ -0.40 (-2.96%)
TRG 69.18 Increased By ▲ 4.71 (7.31%)
WAVESAPP 10.72 Decreased By ▼ -0.18 (-1.65%)
WTL 1.71 Increased By ▲ 0.06 (3.64%)
YOUW 4.14 Decreased By ▼ -0.07 (-1.66%)
BR100 12,079 Decreased By -111.6 (-0.92%)
BR30 36,602 Increased By 19.8 (0.05%)
KSE100 116,053 Decreased By -202.4 (-0.17%)
KSE30 36,578 Decreased By -25.8 (-0.07%)

All Pakistan Textile Mills Association (Aptma) has objected the ongoing load shedding ranging from four to six hours for the Textile Industry, which is contrary to the understanding and assurances given by Pepco/Wapda to the textile industry in various meetings.
It was very clearly assured that load shedding would be reduced in the first week of April 2009, Aptma said. The textile sector is being made the scapegoat of merciless load shedding by Pepco. During the past one and half years the industry was forced to endure unprecedented load shedding, adding that in the present scenario the textile industry will not be able to come out of crisis.
Highlighting the apprehension Aptma said that the balance is incurring huge losses, which are being compounded by massive load shedding. Load shedding continues to date with no end in sight. Millions of jobs of labourers are at stake, which could result in labour unrest and increase in law and order problems due to loss of jobs.
The energy supply and economic growth are inextricably linked. Textile mills dependent solely on Pepco for their energy requirement are defaulting on their commitments which include salaries, bank payments, and timely completion of export orders. Once again the government is urged to accord due priority to this sector and immediately exempt the textile industry from further load shedding.

Copyright Business Recorder, 2009

Comments

Comments are closed.