AGL 40.35 Increased By ▲ 0.15 (0.37%)
AIRLINK 129.50 Increased By ▲ 0.39 (0.3%)
BOP 6.38 Decreased By ▼ -0.22 (-3.33%)
CNERGY 4.03 No Change ▼ 0.00 (0%)
DCL 8.44 Decreased By ▼ -0.01 (-0.12%)
DFML 42.51 Increased By ▲ 1.26 (3.05%)
DGKC 87.70 Increased By ▲ 0.70 (0.8%)
FCCL 33.75 Increased By ▲ 0.40 (1.2%)
FFBL 65.80 Decreased By ▼ -0.10 (-0.15%)
FFL 10.66 Increased By ▲ 0.12 (1.14%)
HUBC 113.06 Increased By ▲ 2.36 (2.13%)
HUMNL 16.01 Increased By ▲ 0.78 (5.12%)
KEL 4.82 Increased By ▲ 0.04 (0.84%)
KOSM 7.89 Increased By ▲ 0.06 (0.77%)
MLCF 42.25 Increased By ▲ 0.35 (0.84%)
NBP 60.63 Increased By ▲ 0.13 (0.21%)
OGDC 185.00 Increased By ▲ 2.20 (1.2%)
PAEL 25.51 Increased By ▲ 0.15 (0.59%)
PIBTL 7.26 Increased By ▲ 1.00 (15.97%)
PPL 146.75 Decreased By ▼ -1.06 (-0.72%)
PRL 24.60 Increased By ▲ 0.04 (0.16%)
PTC 16.32 Increased By ▲ 0.08 (0.49%)
SEARL 70.80 Increased By ▲ 0.30 (0.43%)
TELE 7.35 Increased By ▲ 0.05 (0.68%)
TOMCL 36.25 Decreased By ▼ -0.05 (-0.14%)
TPLP 8.12 Increased By ▲ 0.27 (3.44%)
TREET 15.37 Increased By ▲ 0.07 (0.46%)
TRG 51.47 Decreased By ▼ -0.23 (-0.44%)
UNITY 27.53 Increased By ▲ 0.18 (0.66%)
WTL 1.28 Increased By ▲ 0.05 (4.07%)
BR100 9,881 Increased By 39 (0.4%)
BR30 30,254 Increased By 217.2 (0.72%)
KSE100 92,922 Increased By 402 (0.43%)
KSE30 28,854 Increased By 67.2 (0.23%)

All Pakistan Bedsheets and Upholstery Manufacturers Association Chairman M. Anees Khwaja has said that the textile sector is heading towards the disaster. In a statement here on Wednesday, he expressed his resentment to the suspension of gas supply to the industry for an indefinite period of time.
Anees Khwaja said while the government was accepting all the conditions of the International Monetary Fund (IMF) just to get meagre financing of a few millions dollars, but it deprived of local industry of its basic requirements. As against the IMF financing, he said the local industry brought home billions of dollars without any preconditions.
"A number of Pakistani exporters, who are in Germany to attend Heimtextile fair, are left in a state of confusion whether to accept new orders amid the fears of non-completion due to energy crunch, losing new business opportunity," he added. He said that keeping in view the available resources of gas, the textile sector had already sacrificed two days and agreed to work for five days a week in the light of decision of Cabinet Committee on Gas Load Management.
He was of the view that the Sui Northern Gas Pipeline Limited (SNGPL) must comply with the agreed share of gas supply to the textile sector as per the load management schedule and must divert more by suspending supply to Karachi Electric Supply Company (KESC) and others, which could be converted to crude oil. "Already suffocating industry owing to shortfall of more than 4000 MW will have no space to breath in the absence of gas," he said.
Pointing to the other problems like prices of yarn, he said: "It was not such grave in nature as it was available though at high prices, but as far as the availability of gas and electricity is concerned, these are not available even at rising prices, which is an enigmatic and will result in a disaster beyond expectations," he said.
He urged the Ministry of Textile and Ministry of Petroleum and Natural Resources to intervene and direct the SNGPL authorities to take into confidence all the stakeholders before tacking any such decision. He said that thousands of families, dependent for their bread and butter on this industry, would lose their jobs if the current scenario prevailed for long and could lead to anarchy.

Copyright Business Recorder, 2010

Comments

Comments are closed.