AGL 5.77 Decreased By ▼ -0.31 (-5.1%)
ANL 9.01 Decreased By ▼ -0.39 (-4.15%)
AVN 78.40 Decreased By ▼ -3.06 (-3.76%)
BOP 5.16 Decreased By ▼ -0.11 (-2.09%)
CNERGY 4.66 Decreased By ▼ -0.24 (-4.9%)
EFERT 80.54 Decreased By ▼ -1.01 (-1.24%)
EPCL 51.97 Decreased By ▼ -2.03 (-3.76%)
FCCL 13.59 Decreased By ▼ -0.81 (-5.63%)
FFL 5.87 Decreased By ▼ -0.18 (-2.98%)
FLYNG 7.09 Decreased By ▼ -0.47 (-6.22%)
FNEL 4.82 Decreased By ▼ -0.18 (-3.6%)
GGGL 8.89 Decreased By ▼ -0.43 (-4.61%)
GGL 15.89 Decreased By ▼ -0.81 (-4.85%)
HUMNL 5.83 Increased By ▲ 0.14 (2.46%)
KEL 2.60 Decreased By ▼ -0.19 (-6.81%)
LOTCHEM 29.94 Decreased By ▼ -0.61 (-2%)
MLCF 25.40 Decreased By ▼ -2.39 (-8.6%)
OGDC 72.23 Decreased By ▼ -1.77 (-2.39%)
PAEL 15.42 Decreased By ▼ -0.77 (-4.76%)
PIBTL 5.03 Decreased By ▼ -0.20 (-3.82%)
PRL 16.37 Decreased By ▼ -0.92 (-5.32%)
SILK 1.09 No Change ▼ 0.00 (0%)
TELE 9.60 Decreased By ▼ -0.44 (-4.38%)
TPL 7.30 Decreased By ▼ -0.40 (-5.19%)
TPLP 19.18 Decreased By ▼ -0.59 (-2.98%)
TREET 21.93 Decreased By ▼ -1.26 (-5.43%)
TRG 144.54 Decreased By ▼ -2.81 (-1.91%)
UNITY 16.60 Decreased By ▼ -0.59 (-3.43%)
WAVES 10.01 Decreased By ▼ -0.37 (-3.56%)
WTL 1.36 Decreased By ▼ -0.10 (-6.85%)
BR100 4,230 Decreased By -100.1 (-2.31%)
BR30 15,822 Decreased By -474.4 (-2.91%)
KSE100 42,071 Decreased By -832.3 (-1.94%)
KSE30 15,504 Decreased By -300.7 (-1.9%)
Follow us

KARACHI: The gas supply crisis would badly affect industrial production, exports and halt all economic activities and lead to massive layoffs. This was stated by Khalid Tawab, Chairman, All Pakistan Steel Merchant Association (APSMA) while expressing serious concern over the decision by the two gas utilities to stop supply to industries.

He said the economic activities which seemed to have gained some momentum after a considerable time when the Covid pandemic situation had improved would again be witnessing a downward position.

He lamented the announcement of both the gas utilities - SSGC and SNGPL without realizing the current economic situation which was already confronted with multiple challenges in the wake of power shortage, high utility charges, pathetic infrastructure and high petroleum prices resulting in exorbitant transport charges which are unaffordable.

To stop gas supply to industrial sector would cause huge losses to business community and industrial production ultimately diminishing our economic activities across the country and would lead to law and order situation, Khalid added.

He urged the finance ministry to facilitate foreign exchange requirement for LPG import, otherwise, curtailment of gas supply for residential, power sector and industry would be worsen than last winter.

He further asked to fill the demand supply gap by importing additional LPG as in winter season LPG demand would raise sharply consequently this would raise the price of LPG for consumers and result in making the commodity unaffordable.

Copyright Business Recorder, 2022

Comments

Comments are closed.

Gas crisis to halt economic activities: APSMA

IMF, govt begin virtual engagement

Army’s role restricted to constitutional mandate: Bajwa

A democratic Pakistan is in Washington’s own interest: State Dept

Dar willing to allow sugar export?

Presidential Reference on Reko Diq project: SC to announce short order next week

Pakistan, IMF begin virtual engagement for loan talks

TTP ends ceasefire, orders nationwide attacks

Nepra decides to grant QASPPL micro-grid licences

KSE-100 plummets 2% as market reacts to 'surprise' rate hike

TTP ends ceasefire with govt, orders ‘attacks’ in country