AIRLINK 72.80 Increased By ▲ 0.62 (0.86%)
BOP 5.06 Increased By ▲ 0.13 (2.64%)
CNERGY 4.33 Decreased By ▼ -0.02 (-0.46%)
DFML 30.52 Increased By ▲ 2.03 (7.13%)
DGKC 85.95 Increased By ▲ 4.65 (5.72%)
FCCL 22.35 Increased By ▲ 0.85 (3.95%)
FFBL 33.22 Increased By ▲ 0.17 (0.51%)
FFL 9.78 Decreased By ▼ -0.08 (-0.81%)
GGL 10.40 Decreased By ▼ -0.08 (-0.76%)
HBL 113.62 Decreased By ▼ -0.38 (-0.33%)
HUBC 136.20 Decreased By ▼ -3.80 (-2.71%)
HUMNL 10.03 Increased By ▲ 1.00 (11.07%)
KEL 4.66 Decreased By ▼ -0.07 (-1.48%)
KOSM 4.40 Increased By ▲ 0.02 (0.46%)
MLCF 38.35 Increased By ▲ 0.70 (1.86%)
OGDC 133.40 Decreased By ▼ -0.30 (-0.22%)
PAEL 27.40 Increased By ▲ 1.80 (7.03%)
PIAA 24.76 Increased By ▲ 0.78 (3.25%)
PIBTL 6.55 Increased By ▲ 0.07 (1.08%)
PPL 121.21 Decreased By ▼ -1.41 (-1.15%)
PRL 27.15 Increased By ▲ 0.08 (0.3%)
PTC 13.89 Increased By ▲ 0.29 (2.13%)
SEARL 60.40 Increased By ▲ 3.78 (6.68%)
SNGP 68.53 Decreased By ▼ -0.71 (-1.03%)
SSGC 10.33 Decreased By ▼ -0.01 (-0.1%)
TELE 9.05 Increased By ▲ 0.60 (7.1%)
TPLP 11.26 Decreased By ▼ -0.02 (-0.18%)
TRG 65.70 Increased By ▲ 4.49 (7.34%)
UNITY 25.25 Decreased By ▼ -0.08 (-0.32%)
WTL 1.50 No Change ▼ 0.00 (0%)
BR100 7,608 Decreased By -22.2 (-0.29%)
BR30 25,091 Increased By 100.6 (0.4%)
KSE100 72,658 Increased By 56.2 (0.08%)
KSE30 23,383 Decreased By -155.9 (-0.66%)

Chief Secretary Sindh Mumtaz Ali Shah said that Sindh government is cognizant about the economic impact of closure of factories and is committed to allow the industries to function gradually. However, industrialists have to give an undertaking that all prescribed SOPs would be complied in letter and spirit as the government is seriously determined to control COVID-19. He was talking in meeting with Majyd Aziz, President Employers Federation of Pakistan, Khalid Junejo, Director, and Fasihul Karim Siddiqi, Secretary General in his office.

Responding to the demand of EFP that the workers' wages and salaries should be financed from the Workers Welfare Fund and SESSI reserves, the Chief Secretary, who was assisted by Additional Chief Secretary Home, Usman Chachar and Secretary Labor, Abdul Rasheed Solangi, understood the proposal and advised the Labor Secretary to discuss with Labor Minister Saeed Ghani to immediately hold a meeting of the Boards of WWF and SESSI and to finalize modalities to either give interest-free loans or at least 50 percent subsidy from these funds.

Mumtaz Ali Shah in his response to the suggestion that utility bills from SSGC and KE and contributions to SESSI and EOBI be suspended for one year, assured the delegation that the Federal Government would be contacted to facilitate the industries because it is a genuine demand when industries are facing a financial crunch.

"The limit of 55 years is only for workers and not for management personnel. He categorically disagreed with the demand that the Undertaking condition that employers have to sign should be withdrawn", Chief Secretary also informed.

Shah also agreed that SMEs must be fully supported to maintain their sustainability and save them from financial disaster. He said that the government has taken relevant steps in this regard.

He further said that the government understands the need to also allow downstream industries of export-based enterprises to function otherwise the export-based industries would not be able to run without continuous supply of accessories and material produced by the downstream industries.

Chief Secretary Sindh requested the employers to assist the government during this crisis and hoped that private sector would refrain from litigation in the larger national interest. He also assured that his office would henceforth regularly consult with EFP and appreciated the positive role of EFP during this crisis.-PR

Copyright Business Recorder, 2020

Comments

Comments are closed.