AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

More than 600 industrial units remained closed here on Saturday, the second consecutive day, due to gas load shedding in Faisalabad Region. In addition, 25 percent power looms were also closed due to non-supply of the sized yarn from sizing units, which were also closed.
Meanwhile, industrialists of value-added textile industry, Anjuman-e-Tajran Faisalabad and political parties have rejected the Reformed General Sales Tax (RGST), and warned the rulers to avoid imposing the tax which can result in a civil disobedience movement in the country.
Salamat Ali, Chairman of Pakistan Hosiery Manufacturers & Exporters Association (PHMA) North Zone, said that the export-oriented and labour-intensive textile industry and its multiple crises would further deepen in coming days, as value-added textile sector has failed to fulfil existing export commitments/orders.
In a press statement he said that in view of acute gas shortage, the industries should have been given a priority over other consumers because they are providing employment to millions of people. During November, industries had been closed 12 days so far due to suspension of gas supplies. Hundreds of thousands of workers lost their daily wages, he said and added that the decline in production also resulted in permanently reducing the workforce.
He said that gas shortage was not only hitting the trade and industry but it was also creating law and order situation as the unemployment graph was fast going up with every passing day. Textile export consignments worth millions of dollars from upcountry destined for Christmas sales in European and American markets have been hampered resulting in closure of value-addition chain industries due to gas shedding and week-long Eid festival. Salamat said that due to load shedding of electricity and gas and severe price hike of inputs, value-added textile industry and exports have suffered productivity and supply losses.
He deplored the non-serious attitude of the government towards the gas crisis. He asked the government to come up with an across the board schedule for load management applicable in all parts of the country for only one day.

Copyright Business Recorder, 2010

Comments

Comments are closed.