AIRLINK 189.64 Decreased By ▼ -7.01 (-3.56%)
BOP 10.09 Decreased By ▼ -0.05 (-0.49%)
CNERGY 6.68 Decreased By ▼ -0.01 (-0.15%)
FCCL 34.14 Increased By ▲ 1.12 (3.39%)
FFL 17.09 Increased By ▲ 0.44 (2.64%)
FLYNG 23.83 Increased By ▲ 1.38 (6.15%)
HUBC 126.05 Decreased By ▼ -1.24 (-0.97%)
HUMNL 13.79 Decreased By ▼ -0.11 (-0.79%)
KEL 4.77 Increased By ▲ 0.01 (0.21%)
KOSM 6.58 Increased By ▲ 0.21 (3.3%)
MLCF 43.28 Increased By ▲ 1.06 (2.51%)
OGDC 224.96 Increased By ▲ 11.93 (5.6%)
PACE 7.38 Increased By ▲ 0.37 (5.28%)
PAEL 41.74 Increased By ▲ 0.87 (2.13%)
PIAHCLA 17.19 Increased By ▲ 0.37 (2.2%)
PIBTL 8.41 Increased By ▲ 0.12 (1.45%)
POWER 9.05 Increased By ▲ 0.23 (2.61%)
PPL 193.09 Increased By ▲ 9.52 (5.19%)
PRL 37.34 Decreased By ▼ -0.93 (-2.43%)
PTC 24.02 Decreased By ▼ -0.05 (-0.21%)
SEARL 94.54 Decreased By ▼ -0.57 (-0.6%)
SILK 0.99 Decreased By ▼ -0.01 (-1%)
SSGC 39.93 Decreased By ▼ -0.38 (-0.94%)
SYM 17.77 Decreased By ▼ -0.44 (-2.42%)
TELE 8.66 Decreased By ▼ -0.07 (-0.8%)
TPLP 12.39 Increased By ▲ 0.18 (1.47%)
TRG 62.65 Decreased By ▼ -1.71 (-2.66%)
WAVESAPP 10.28 Decreased By ▼ -0.16 (-1.53%)
WTL 1.75 Decreased By ▼ -0.04 (-2.23%)
YOUW 3.97 Decreased By ▼ -0.03 (-0.75%)
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%)

Textile industrialists and exporters have strongly opposed one day increase in gas load-shedding for industry and termed it a deliberate attempt to shatter the export oriented textile industry. This would inflict a loss of one billion rupees daily in export earnings and value addition in this region.
Briefing the newsmen after chairing a joint meeting of Pakistan Textile Exporters Association (PTEA), All Pakistan Textile Mills Association (Aptma), All Pakistan Textile Processing Mills Association (Aptpma), Pakistan Hosiery Manufacturers Association (PHMA), All Pakistan Bedsheet and Upholstery Manufacturers Association (Apbuma) and Khurrianwala Industrial Estate Association (Kiea) here on Saturday, Asghar Ali, Chairman Pakistan Textile Exporters Association criticised the plea of gas managers that supply was compressed due to cold weather and said that this was not feasible because the weather had not yet touched the critical temperature point where gas is fossilised.
The fact of the matter is mismanagement galore. Resultant upon this failure to manage, more than 300 industrial units and over 1.5 million textile workers would affect due to shortage of basic fuel creating industrial unrest, he said.
The gas administrators had worked out an agreed schedule to revolve the gas load shedding two days a week, he said and added that the industrialists and exporters had accordingly scheduled their production and made commitments with foreign buyers to ship consignments on time. But all of a sudden, the duration of gas load shedding has been increased arbitrarily for three days a week without consultation, he said.
This half week closure will cut down drastically the manufacturing of export goods and exporters would not be able to fulfil their commitments to foreign buyers, he added. He informed that a joint committee consists of all stakeholders has been constituted to draw next line of action against emerging gas crisis.

Copyright Business Recorder, 2012

Comments

Comments are closed.