BR100 Increased By (0.12%)
BR30 Increased By (0.28%)
KSE100 Increased By (0.26%)
KSE30 Increased By (0.26%)
AGHA 7.63 Increased By ▲ 0.04 (0.53%)
BECO 5.57 Increased By ▲ 0.06 (1.09%)
BML 59.74 Increased By ▲ 0.66 (1.12%)
BOP 34.40 Increased By ▲ 0.29 (0.85%)
CNERGY 13.11 Increased By ▲ 0.27 (2.1%)
CSIL 6.41 Increased By ▲ 0.31 (5.08%)
FCCL 58.06 Increased By ▲ 0.40 (0.69%)
FFL 16.23 Increased By ▲ 0.03 (0.19%)
FNEL 1.21 No Change ▼ 0.00 (0%)
KEL 7.43 Decreased By ▼ -0.05 (-0.67%)
KOSM 6.03 Increased By ▲ 0.09 (1.52%)
LOTCHEM 27.67 Decreased By ▼ -0.32 (-1.14%)
MLCF 102.75 Increased By ▲ 2.10 (2.09%)
NBP 205.06 Increased By ▲ 1.31 (0.64%)
NCPL 59.63 Decreased By ▼ -0.94 (-1.55%)
NPL 68.56 Decreased By ▼ -1.40 (-2%)
OGDC 318.92 Decreased By ▼ -1.37 (-0.43%)
PACE 11.05 Decreased By ▼ -0.05 (-0.45%)
PAEL 43.10 Decreased By ▼ -0.02 (-0.05%)
PIBTL 16.63 Increased By ▲ 0.07 (0.42%)
PPL 229.45 Increased By ▲ 0.61 (0.27%)
PRL 70.80 Decreased By ▼ -0.22 (-0.31%)
PTC 71.00 Decreased By ▼ -0.65 (-0.91%)
SSGC 27.41 Increased By ▲ 0.73 (2.74%)
TBL 10.31 Increased By ▲ 0.50 (5.1%)
TELE 8.53 Decreased By ▼ -0.08 (-0.93%)
TPL 23.06 Increased By ▲ 0.82 (3.69%)
TPLP 15.76 Increased By ▲ 0.65 (4.3%)
TREET 24.71 Increased By ▲ 0.58 (2.4%)
TRG 60.29 Increased By ▲ 0.45 (0.75%)

The gas supply to 600 industrial units and 380 CNG stations remained suspended for three consecutive days, on Saturday, as a result a large number of industrial workers most of them daily wagers became jobless for three days. Sui Northern Gas Pipelines Limited (SNGPL) authorities pointed out the gas loadshedding will remain continued till Sunday (today) 6am.
Commenting over the present situation, Chaudhry Salamat Ali, Chief Co-ordinator & former Chairman, Pakistan Hosiery Manufacturers & Exporters Association (PHMEA) North Zone said that the short supply of energy along with high tariff and unfavourable conditions for doing businesses are major reasons behind decline in textile exports, as the value-added industry has been denied gas supply for 130 days during 2011 against much lesser days than previous year.
He also expressed grave concern over the Oil and Gas Regulatory Authority (Ogra) in which Gas tariff increased for SNGPL by Rs 43.93 (14 percent) per million cubic feet (mmbtu) and for Sui Southern Gas Company (SSGC) by Rs 34 (11 percent) per mmbtu. More than 100 percent increase in tariff of electricity and gas bills during a couple of the years is yielding negation impact on the textile industry's growth.
He pointed out that if full production capacity is used, the national exports would increase to $25 billion. He asked the government to take urgent steps to solve energy crisis, improve its Energy Management Plan for the textile industry to save millions of people from hunger.

Copyright Business Recorder, 2011

Comments

Comments are closed for this article.