The Landhi Association has expressed shock and grief over the recent proceedings of the OGRA public hearing regarding the increase in gas prices from Rs 29.36 per MMBTU for the commercial and industrial consumers with effect from July 1, 2006.
The spokesman of the utility SSGC, was heard saying "switch to other fuel if you don't like our plans".
This amounts to telling the people who are earning foreign exchange for the country and providing employment to millions of people to take their business elsewhere.
In a situation where the cost of doing business is already very high as compared to our neighbouring countries - with which we are now competing in the international free market, the proposed increase would be a severe blow to all industries, especially textiles.
The Chairman, Landhi Association, M. Yakoob Nagaria, said that it was saddening to note that at a time like this when the industry needed more support - utility prices are being increased.
It is also very disturbing to hear that government does not have a focus on the textile sector anymore - when huge investments have gone into this sector during the last two years.
The government has assured it of a consistent industrial policy, but continues to make ad hoc changes, which would disturb the smooth working of the majority of industries.
Let us not forget that the textile sector is the major foreign exchange earner and largest employment provider.
Landhi Association of Trade and Industry appeals to the President of Pakistan and the Prime Minister to prevent any further increase in the gas and other utility prices as it may prove to be the last nail.
(The writer is Secretary Landhi Association of Trade and Industry.)
Comments
Comments are closed.