AGL 34.48 Decreased By ▼ -0.72 (-2.05%)
AIRLINK 132.50 Increased By ▲ 9.27 (7.52%)
BOP 5.16 Increased By ▲ 0.12 (2.38%)
CNERGY 3.83 Decreased By ▼ -0.08 (-2.05%)
DCL 8.10 Decreased By ▼ -0.05 (-0.61%)
DFML 45.30 Increased By ▲ 1.08 (2.44%)
DGKC 75.90 Increased By ▲ 1.55 (2.08%)
FCCL 24.85 Increased By ▲ 0.38 (1.55%)
FFBL 44.18 Decreased By ▼ -4.02 (-8.34%)
FFL 8.80 Increased By ▲ 0.02 (0.23%)
HUBC 144.00 Decreased By ▼ -1.85 (-1.27%)
HUMNL 10.52 Decreased By ▼ -0.33 (-3.04%)
KEL 4.00 No Change ▼ 0.00 (0%)
KOSM 7.74 Decreased By ▼ -0.26 (-3.25%)
MLCF 33.25 Increased By ▲ 0.45 (1.37%)
NBP 56.50 Decreased By ▼ -0.65 (-1.14%)
OGDC 141.00 Decreased By ▼ -4.35 (-2.99%)
PAEL 25.70 Decreased By ▼ -0.05 (-0.19%)
PIBTL 5.74 Decreased By ▼ -0.02 (-0.35%)
PPL 112.74 Decreased By ▼ -4.06 (-3.48%)
PRL 24.08 Increased By ▲ 0.08 (0.33%)
PTC 11.19 Increased By ▲ 0.14 (1.27%)
SEARL 58.50 Increased By ▲ 0.09 (0.15%)
TELE 7.42 Decreased By ▼ -0.07 (-0.93%)
TOMCL 41.00 Decreased By ▼ -0.10 (-0.24%)
TPLP 8.23 Decreased By ▼ -0.08 (-0.96%)
TREET 15.14 Decreased By ▼ -0.06 (-0.39%)
TRG 56.10 Increased By ▲ 0.90 (1.63%)
UNITY 27.70 Decreased By ▼ -0.15 (-0.54%)
WTL 1.31 Decreased By ▼ -0.03 (-2.24%)
BR100 8,615 Increased By 43.5 (0.51%)
BR30 26,900 Decreased By -375.9 (-1.38%)
KSE100 82,074 Increased By 615.2 (0.76%)
KSE30 26,034 Increased By 234.5 (0.91%)

All Pakistan Bedsheet & Upholstery Manufacturers Association (APBUMA) Chairman Syed Muhammad Aasim Shah has urged the government to quickly take alternate measures to overcome the ongoing gas crisis, which he said has closed a billion dollars textile industry creating unemployment.
In a press conference, the APBUMA chairman blamed the government for not being taken alternate measures to overcome the expected gas crises in the country. Aasim said the country had only 800 mmcft gas shortages, which could easily be overcome through LNG import from Qatar or Pak-Iran gas pipeline project.
The process could be completed within a year and it was beyond the comprehension that why the government was delaying this important project, and had pushed the nation into such a deep crises, he said.
Federal Minister for Petroleum had assured the industrialists a number of times that textile industry would be provided with uninterrupted gas supply for 3-5 days a week, but Sui Northern Gas Pipelines Limited (SNGPL) had disconnected the gas supply for entire industry of Punjab for indefinite period to facilitate CNG and domestic users, he said.
He said CNG industry had a share of only Rs 42 billion annually, whereas textile mills, Power looms, and ancillary industry after fulfilling national requirements had $1 billion exports share.
The 80 percent industry was in Punjab and around 10 million workforces depend on this industry, which is not in the priorities of the government. He said the textile industry had $14 billion exports and we had paid Rs 300 billion in excess to farmers.

Copyright Business Recorder, 2012

Comments

Comments are closed.