PTA shows reservation on gas tariff hike

03 Jan, 2009

Chairman Pakistan Tanners Association, Shaikh M. Afzal Hussain has resented the decision of increase in the gas tariff by 3 percent to 17 percent and said that it will push-up production cost of exporting leather industry and make it difficult to compete in global markets and thus lose business.
In a statement on Friday, Chairman PTA said that repeated unforeseen spiralling of fuel charges makes it difficult to negotiate and finalise future export orders and deals and also adversely affects financial viability of the orders in hand.
He was apprehensive that it will drastically affect working of units while throw some of them completely out of business rendering workers jobless. He pointed out that a flourishing exporting industry can only bail out country from the current economic crisis and the government must formulate industry-friendly policies and ensure adequate, smooth supply of gas and electricity which is already hampering delivery and shipment of ordered goods to the customers abroad sometime inducting penalty clause for delay in supply of goods.

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