AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

HYDERABAD: President Hyderabad Chamber of Commerce and Industry (HCCI) Adeel Siddiqui has rejected enhancement in water tariff of industries and said that such decisions should be avoided in view of present economic conditions.

In a statement issued here that the Sindh Industrial Trading Estate (SITE) has raised fixed water supply charges at Rs150 per 1000 gallons and that in absence of effluent treatment plant (ETP) in Site area. He said such notification was an injustice with industrialists.

In fact, HCCI Chief said, Site had exceeded its jurisdiction considering the fact that such decision was taken without approval of Site’s board of directors (BoD) thus this notification in question has no legal sanctity.

He said that Site area faces water shortage in many areas even today forcing industrialists to pay heavily to buy water for their units.

He maintained that sewerage and drainage lines were replete with heaps of garbage thus choking entire drainage of Site area. He said that rainwater always enter industries and affect expensive industrial equipment worth billions of rupees.

Adeel Siddiqui urged Sindh secretary industries and Managing Director Site to pay serious attention to Hyderabad’s industrialists and withdraw such notification.

He said that industrialists were facing a challenge to run industries in view of present economic conditions because in spite of investment of billions of rupees industries were facing closure and thousands of labors were losing employment.

He said that collective efforts should be taken to promote industrial activity and government and other stakeholders should play their role instead of imposing new taxes on industrialists to multiple their problems. He said such policies would affect industrial activities even further.

Copyright Business Recorder, 2023

Comments

Comments are closed.