PM asked to resolve issue of high cost of business

The All Pakistan Textile Mills Association (APTMA) on Saturday appealed to Prime Minister Nawaz Sharif to solve the issue of high cost of doing business in the textile sector by providing electricity at Rs 7/kWh and gas including RLNG at Rs 600 per MMBTU, including GIDC, to the textile industry.
Addressing a press conference, APTMA chairman Aamir Fayyaz expressed appreciation for the prime minister for announcing Rs 180 billion's revival package for the textile industry. He appealed Minister of Petroleum and Natural Resources Shahid Khaqan Abbasi to implement the formula weighted average cost of gas (WACOG). He said without competitive energy prices the textile package will be unable to produce good results.