AIRLINK 191.54 Decreased By ▼ -21.28 (-10%)
BOP 10.23 Decreased By ▼ -0.02 (-0.2%)
CNERGY 6.69 Decreased By ▼ -0.31 (-4.43%)
FCCL 33.02 Decreased By ▼ -0.45 (-1.34%)
FFL 16.60 Decreased By ▼ -1.04 (-5.9%)
FLYNG 22.45 Increased By ▲ 0.63 (2.89%)
HUBC 126.60 Decreased By ▼ -2.51 (-1.94%)
HUMNL 13.83 Decreased By ▼ -0.03 (-0.22%)
KEL 4.79 Decreased By ▼ -0.07 (-1.44%)
KOSM 6.35 Decreased By ▼ -0.58 (-8.37%)
MLCF 42.10 Decreased By ▼ -1.53 (-3.51%)
OGDC 213.01 Increased By ▲ 0.06 (0.03%)
PACE 7.05 Decreased By ▼ -0.17 (-2.35%)
PAEL 40.30 Decreased By ▼ -0.87 (-2.11%)
PIAHCLA 16.85 Increased By ▲ 0.02 (0.12%)
PIBTL 8.25 Decreased By ▼ -0.38 (-4.4%)
POWER 8.85 Increased By ▲ 0.04 (0.45%)
PPL 182.89 Decreased By ▼ -0.14 (-0.08%)
PRL 38.10 Decreased By ▼ -1.53 (-3.86%)
PTC 23.90 Decreased By ▼ -0.83 (-3.36%)
SEARL 93.50 Decreased By ▼ -4.51 (-4.6%)
SILK 1.00 Decreased By ▼ -0.01 (-0.99%)
SSGC 39.85 Decreased By ▼ -1.88 (-4.51%)
SYM 18.44 Decreased By ▼ -0.42 (-2.23%)
TELE 8.66 Decreased By ▼ -0.34 (-3.78%)
TPLP 12.05 Decreased By ▼ -0.35 (-2.82%)
TRG 64.50 Decreased By ▼ -1.18 (-1.8%)
WAVESAPP 10.50 Decreased By ▼ -0.48 (-4.37%)
WTL 1.78 Decreased By ▼ -0.01 (-0.56%)
YOUW 3.96 Decreased By ▼ -0.07 (-1.74%)
BR100 11,697 Decreased By -168.8 (-1.42%)
BR30 35,252 Decreased By -445.3 (-1.25%)
KSE100 112,638 Decreased By -1510.2 (-1.32%)
KSE30 35,458 Decreased By -494 (-1.37%)

The Punjab-based textile industry has pinned high hopes with Prime Minister's address with regard to the energy crisis, saying that the Prime Minister Nawaz Sharif would definitely resolve their problem. The Punjab-based textile industry is presently exposed to 10 hours a day electricity load shedding. Not only this, the SNGPL has also reduced gas supply to the Captive Power Plants to two and a half days from earlier five days a week.
The industry is expecting a solution to its energy problem in the Prime Minister's address to the nation, delayed for another a day or so. Earlier, it was planned to be aired on Monday. However, the press reports suggest that the PM was advised to delay it until the holding of the Council of Common Interest meeting where a nod would be taken from all the four chief ministers. According to the industry circles, they are eager to see what the PM is going to offer in his address. They said the PM has himself hinted at ensuring seven days a week gas supply to the industry with certain terms and conditions.
The industry circles further pointed out that they were bearing a cost of about one million rupees a day on an average to generate electricity through diesel during the power outage. Presently, the industry is exposed to electricity supply during the wee hours.
Meanwhile, the industry had also approached to the Supreme Court against the Pepco decision of depriving the industry of electricity for 10 hours a day in line with the verdict of the apex court for equal load shedding to all consumers. However, no relief has so far been given by the Supreme Court. As a result, many mills have stopped their operations until Eid, hoping that the situation would be quite different in post-Eid scenario. They said the PM has himself visited the mill involved in gas theft and he had also listened to the worries of the labourers there. According to them, the PM had assured of fulfilling the energy need of the industry and his first-ever public address is the best occasion to unfold the plan.

Copyright Business Recorder, 2013

Comments

Comments are closed.