-The All Pakistan Textile Mills Association has sought an extension in the last date of payment of the industry's electricity bills from September 21 to 30. In press conference at the provincial headquarter on Saturday Punjab Chairman, Seth Muhammad Akbar, along with senior leader Shahid Mazhar and head of energy cell Tahir Basharat Cheema, said.
"Electricity distribution companies are allowed to extend the due date of the electricity bills date for 10 days. The current electricity bills have cost Rs 18 per unit to each textile mill in the Punjab, which is double to the association's demand of Rs 9 per unit electricity tariff under its relief package from the government."
He said the cost is a major component of the high cost of doing business for the textile industry in the Punjab. "The textile industry sale of yarn has come to a halt because of the ongoing strike of the sizing industry in Faisalabad and the mills are unable to pay salaries to their staff."
He also said there is a severe cash flow in the Punjab-based textile industry because of the adverse business circumstances and that the Punjab-based textile industry has been facing crisis, and that the prime minister had agreed to announce a relief package soon.
"PM Nawaz Sharif should announce the textile industry relief package before the Eid," he suggested. "It will be a gift by the govt to the people of Pakistan. The current electricity bills are carrying a disputed amount of Rs 5 per unit under the head of arrears."
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