AIRLINK 191.00 Decreased By ▼ -5.65 (-2.87%)
BOP 10.15 Increased By ▲ 0.01 (0.1%)
CNERGY 6.75 Increased By ▲ 0.06 (0.9%)
FCCL 34.35 Increased By ▲ 1.33 (4.03%)
FFL 17.42 Increased By ▲ 0.77 (4.62%)
FLYNG 23.80 Increased By ▲ 1.35 (6.01%)
HUBC 126.30 Decreased By ▼ -0.99 (-0.78%)
HUMNL 13.80 Decreased By ▼ -0.10 (-0.72%)
KEL 4.75 Decreased By ▼ -0.01 (-0.21%)
KOSM 6.55 Increased By ▲ 0.18 (2.83%)
MLCF 43.35 Increased By ▲ 1.13 (2.68%)
OGDC 226.45 Increased By ▲ 13.42 (6.3%)
PACE 7.35 Increased By ▲ 0.34 (4.85%)
PAEL 41.96 Increased By ▲ 1.09 (2.67%)
PIAHCLA 17.24 Increased By ▲ 0.42 (2.5%)
PIBTL 8.45 Increased By ▲ 0.16 (1.93%)
POWER 9.05 Increased By ▲ 0.23 (2.61%)
PPL 194.30 Increased By ▲ 10.73 (5.85%)
PRL 37.50 Decreased By ▼ -0.77 (-2.01%)
PTC 24.05 Decreased By ▼ -0.02 (-0.08%)
SEARL 94.97 Decreased By ▼ -0.14 (-0.15%)
SILK 1.00 No Change ▼ 0.00 (0%)
SSGC 40.00 Decreased By ▼ -0.31 (-0.77%)
SYM 17.80 Decreased By ▼ -0.41 (-2.25%)
TELE 8.72 Decreased By ▼ -0.01 (-0.11%)
TPLP 12.46 Increased By ▲ 0.25 (2.05%)
TRG 62.74 Decreased By ▼ -1.62 (-2.52%)
WAVESAPP 10.35 Decreased By ▼ -0.09 (-0.86%)
WTL 1.73 Decreased By ▼ -0.06 (-3.35%)
YOUW 4.02 Increased By ▲ 0.02 (0.5%)
BR100 11,814 Increased By 90.4 (0.77%)
BR30 36,234 Increased By 874.6 (2.47%)
KSE100 113,247 Increased By 609 (0.54%)
KSE30 35,712 Increased By 253.6 (0.72%)

All Pakistan Textile Mills (APTMA) Punjab has requested the federal government to amend gas allocation formula after seeking consent from the Council of Common Interests (CCI) as the textile industry in Punjab is facing a Rs 82 billion financial loss due to intra-province disparity.
A delegation of APTMA Punjab led by its Chairman S. M. Tanveer held a detailed meeting with Minister of State for Water and Power, Abid Sher Ali and Prime Minister's Advisor on Energy, Musadak Malik on Tuesday. APTMA Punjab argued that industry in Sindh and Khyber Pakhtunkhawa is being supplied gas 24 hours a day whereas textile industry in Punjab is getting gas only for 8 hours per day.
The delegation also raised the issue of power load shedding ranging from 9-10 hours per day and its impact on textile industry especially on those units which do not have the facility of gas-fired Captive Power Plants (CPPs). According to the Association, at least 58 textile units exist in Punjab which operate only on electricity and prolonged load shedding is hurting their production. The requirement of these textile units is only 135 MW.
When contacted S. M. Tanveer, Chairman APTMA Punjab, said that they discussed the issues of Punjab-based textile industry with Abid Sher Ali and sought his help to resolve these issues on a priority basis. In reply to a question, he said if there is any discrepancy in allocation of natural resources, this should be sorted out at the level of CCI.
"We have presented our submissions to the Minister of State for Water and Power with the hope that the government will sympathetically consider our request so that the Punjab-based textile industry can be saved from a shutdown," Tanveer added. Prime Minister's Advisor on Energy, Dr Musadak Malik, told Business Recorder that the Minister of State was apprised of the two issues facing the Punjab-based textile sector; however, he did not make any commitment to resolve these issues immediately as power crisis will further worsen as summer sets in. "The APTMA delegation has been told that efforts will be made to minimize power supply issues of textile sector but it has been clearly communicated to them that we will not make any commitment in an irresponsible manner," said Dr Musadak Malik.

Copyright Business Recorder, 2014

Comments

Comments are closed.