AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf while expressing sheer dismay over complete suspension of gas supply for two days a week to the industries in Karachi, appealed Prime Minister Shehbaz Sharif and Minister of State for Energy Musadik Malik to take notice of this unfair treatment by the SSGC which has nowadays resorted to suspending gas supply for two days, causing grave losses to the industries as the production activities have gone down by 30 percent due to complete gas suspension for two days every week.

The KCCI chief stressed that the government must urgently respond to the miseries being suffered by Karachi’s industrialists due to unavailability of gas, otherwise, if such alarming situation continues, the country would not be able to come out of economic crises particularly when the industrial units, including general as well as export-oriented industries, were underperforming in terms of production.

“The federal government must save its repute by ensuring uninterrupted gas supply to the industries at any cost as the poor gas supply situation is not only aggravating miseries for business community but is also denting government’s efforts to ensure ease of doing business,” he added.

He was of the view that depriving Karachi from gas/ RLNG was beyond our understanding as nobody was taking Karachi’s matchless role into consideration which, being the textile and industrial hub of Pakistan, alone contributes 68 percent revenue to the national exchequer and 54 percent to national exports while 52 percent of textile exports also take place from Karachi.

“Karachi continues to undergo discrimination that has led to causing severe production losses of more than 30 percent a week due to reduced or no supply of gas. The inequitable conduct and discriminatory treatment with the largest city totally intolerable and highly deplorable”, he said.

He said that the Sindh province has been producing around 68 to 70 percent of the country’s gas but it was really unfortunate that the industries in Karachi remain deprived of gas which was purely against the Article 158 of the Constitution which categorically states that the province has the first right to the gas produced in the province.

He also demanded that first priority in respect of gas supply must be given to the industries of Karachi which contribute more than 54 percent to national exports, provide highest urban employment and generate highest taxes for the government, besides being the highest subsidy provider.

Keeping in view the present government’s resolve to create an enabling business environment and pull the economy out of crises, Tariq Yousuf hoped that the decision makers would urgently pay attention to the gas load shedding issue which has to be addressed at any cost so that the production activities as well as the exports could start picking up pace.

Copyright Business Recorder, 2023

Comments

Comments are closed.