AGL 34.90 Decreased By ▼ -0.30 (-0.85%)
AIRLINK 126.97 Increased By ▲ 3.74 (3.03%)
BOP 5.15 Increased By ▲ 0.11 (2.18%)
CNERGY 3.84 Decreased By ▼ -0.07 (-1.79%)
DCL 7.99 Decreased By ▼ -0.16 (-1.96%)
DFML 44.10 Decreased By ▼ -0.12 (-0.27%)
DGKC 74.55 Increased By ▲ 0.20 (0.27%)
FCCL 24.50 Increased By ▲ 0.03 (0.12%)
FFBL 43.90 Decreased By ▼ -4.30 (-8.92%)
FFL 8.88 Increased By ▲ 0.10 (1.14%)
HUBC 141.30 Decreased By ▼ -4.55 (-3.12%)
HUMNL 10.42 Decreased By ▼ -0.43 (-3.96%)
KEL 3.94 Decreased By ▼ -0.06 (-1.5%)
KOSM 7.83 Decreased By ▼ -0.17 (-2.13%)
MLCF 32.67 Decreased By ▼ -0.13 (-0.4%)
NBP 56.49 Decreased By ▼ -0.66 (-1.15%)
OGDC 142.20 Decreased By ▼ -3.15 (-2.17%)
PAEL 25.36 Decreased By ▼ -0.39 (-1.51%)
PIBTL 5.80 Increased By ▲ 0.04 (0.69%)
PPL 111.25 Decreased By ▼ -5.55 (-4.75%)
PRL 23.92 Decreased By ▼ -0.08 (-0.33%)
PTC 11.00 Decreased By ▼ -0.05 (-0.45%)
SEARL 58.30 Decreased By ▼ -0.11 (-0.19%)
TELE 7.49 No Change ▼ 0.00 (0%)
TOMCL 41.10 No Change ▼ 0.00 (0%)
TPLP 8.70 Increased By ▲ 0.39 (4.69%)
TREET 15.14 Decreased By ▼ -0.06 (-0.39%)
TRG 54.40 Decreased By ▼ -0.80 (-1.45%)
UNITY 27.70 Decreased By ▼ -0.15 (-0.54%)
WTL 1.30 Decreased By ▼ -0.04 (-2.99%)
BR100 8,555 Decreased By -16.4 (-0.19%)
BR30 26,642 Decreased By -634.2 (-2.33%)
KSE100 81,594 Increased By 135 (0.17%)
KSE30 25,803 Increased By 3.5 (0.01%)

The All Pakistan Textile Mills Association (Aptma) is holding an emergency meeting on Saturday to review the situation after notice from SNGPL for increase in gas load shedding to four days for industry. According to the sources, Aptma Punjab chapter meeting will be presided over by Chairman of Aptma Punjab, Ahsan Bashir.
Sources said that SNGPL has placed a notice on its website citing increase in frequency of load shedding to four days from previously three days for two zones of Lahore. Also, the SNGPL has communicated similar notice to the Faisalabad zone, hub of textile industry.
SNGPL was likely to impose four days a week gas curtailment to Lahore zones. However, Aptma leaders opposed the move aggressively, which resulted in deferment of the decision. It was generally believed that SNGPL would not increase load shedding duration for Lahore zone after a strong protest from textile millers in Faisalabad. But it all proved wrong and the SNGPL has decided to increase the frequency of load shedding in Punjab.
The federal Cabinet had instructed the SNGPL to ensure gas supply to domestic consumers at any cost. The Prime Minister Gilani had said on the floor of the house that gas supply to fertiliser sector would be ensured by the government. Resultantly, the textile industry emerged as biggest loser of the situation, as the SNGPL has put all pressure on it during low pressure period. Aptma sources said the Ministry for Petroleum had assured it of uninterrupted gas supply for four days a week during current winter season. Aptma members have already suffered gas curtailment for over 150 days during summer, affecting about 40 percent of its production capacity besides massive layoffs and decline in exports amid unbearable bank mark-up.

Copyright Business Recorder, 2011

Comments

Comments are closed.