AIRLINK 65.20 Decreased By ▼ -0.70 (-1.06%)
BOP 5.57 Decreased By ▼ -0.12 (-2.11%)
CNERGY 4.56 Decreased By ▼ -0.09 (-1.94%)
DFML 24.52 Increased By ▲ 1.67 (7.31%)
DGKC 69.96 Decreased By ▼ -0.74 (-1.05%)
FCCL 20.30 Decreased By ▼ -0.05 (-0.25%)
FFBL 29.11 No Change ▼ 0.00 (0%)
FFL 9.83 Decreased By ▼ -0.10 (-1.01%)
GGL 10.01 Decreased By ▼ -0.07 (-0.69%)
HBL 114.25 Decreased By ▼ -1.00 (-0.87%)
HUBC 129.10 Decreased By ▼ -0.40 (-0.31%)
HUMNL 6.71 Increased By ▲ 0.01 (0.15%)
KEL 4.44 Increased By ▲ 0.06 (1.37%)
KOSM 4.89 Decreased By ▼ -0.13 (-2.59%)
MLCF 37.00 Increased By ▲ 0.04 (0.11%)
OGDC 132.30 Increased By ▲ 1.10 (0.84%)
PAEL 22.54 Increased By ▲ 0.06 (0.27%)
PIAA 25.89 Decreased By ▼ -0.41 (-1.56%)
PIBTL 6.60 Increased By ▲ 0.07 (1.07%)
PPL 112.85 Increased By ▲ 0.73 (0.65%)
PRL 29.41 Increased By ▲ 1.02 (3.59%)
PTC 15.24 Decreased By ▼ -0.87 (-5.4%)
SEARL 57.03 Decreased By ▼ -1.26 (-2.16%)
SNGP 66.45 Increased By ▲ 0.76 (1.16%)
SSGC 10.98 Decreased By ▼ -0.04 (-0.36%)
TELE 8.80 Decreased By ▼ -0.14 (-1.57%)
TPLP 11.70 Increased By ▲ 0.17 (1.47%)
TRG 68.62 Decreased By ▼ -0.62 (-0.9%)
UNITY 23.40 Decreased By ▼ -0.55 (-2.3%)
WTL 1.38 Increased By ▲ 0.03 (2.22%)
BR100 7,295 Decreased By -9.1 (-0.12%)
BR30 23,854 Decreased By -96 (-0.4%)
KSE100 70,290 Decreased By -43.2 (-0.06%)
KSE30 23,171 Increased By 50.4 (0.22%)

KARACHI: President Korangi Association of Trade and Industry (KATI), Saleem-uz-Zaman has said that it is not right to shutoff gas to industries of Karachi due to gas shortfall; it should be extended to other parts of the country as well.

The government’s decision to shutoff gas to industries is a very inappropriate move, which will have a very negative impact on Karachi’s industry and the country’s economy.

The federal government and SSGC officials should take immediate notice of the situation and resolve the problem facing the industries of Karachi and issue orders to supply gas to the industries on immediate and emergency basis.

President KATI said that industrial production process is being severely affected due to non-supply of gas to industries and reduction in gas pressure.

Saleem-uz-Zaman said that it was not right to suspend the supply of gas to the industries on a single notice.

The move has caused great concern among the industrialists and it is the responsibility of the government and SSGC officials to overcome the gas crisis.

He said that in the current situation, the country could not bear the negative impact on industrial production due to reduction in gas pressure and disruption in energy supply, which was tantamount to an economic assassination of Karachi.

He said the Covid-19 pandemic had already hit industrial production hard, leading to a sharp decline in production for local needs and products for export.

Saleem-uz-Zaman said that such decisions would completely destroy the industries of Karachi while in the current situation, the gas crisis would lead to unemployment in the country’s economic hub Karachi and a severe blow to the economy.

Copyright Business Recorder, 2021

Comments

Comments are closed.