Home / Knowledge / News / Textiles / APTMA Chairman rejects hike in power tariff
APTMA Chairman rejects hike in power tariff
19
Oct '11
Chairman All Pakistan Textile Mills Association (APTMA) Mohsin Aziz has rejected electricity tariff hike and two weekly offs in the country, fearing production, exports and job losses with these anti-industry decisions.

Earlier, he said, the government had increased power tariff by 4% under the pretext of equalization surcharge, followed by recent hike of Rs3.04 as fuel adjustment surcharge.

Chairman APTMA said the textile industry was already suffering heavily on account of non-availability of electricity, affecting 30 percent of production capacity.

According to him, both the energy security and affordability are pinching the textile industry hard, as it is not able to transfer the cost and keep operations intact for 364 days a year.

Chairman APTMA said the imposition of fuel adjustment surcharge with retrospective effect is also unacceptable and unjustified for export- oriented textile industry, as the industry has already closed the transactions and it is not possible to readjust them on new tariff. He demanded an immediate review of the decision for the survival of textile industry.

He pointed out that the electricity cost per unit for industry in Pakistan at 10.8 cents/KWH is 19% higher than India at 8.8 cents/KWH. He said the government should bear in mind that the competitiveness would be the key to survive under the Most Favoured Nation (MFN) status being extended to India shortly.

Mohsin said the government should give priority to the textile industry for electricity supply at affordable price. It would enable the textile industry to meet exports and growth targets set by the government for current fiscal year besides earning foreign exchange and creating jobs in the country.

Meanwhile, the Chairman APTMA has also criticized the government for announcing two weekly offs and said that it would result into further economic slowdown in country. He said both the banks and ports should be operational throughout the week in the larger interest of national economy.

All Pakistan Textile Mills Association (APTMA)


Must ReadView All

Textiles | On 21st Aug 2017

Turkish apparel exports fall 6.11% in H1 2017

Apparel exports from Turkey declined by 6.11 per cent in the first...

Textiles | On 21st Aug 2017

Liaoning Bora picks LyondellBasell’s PP & PE tech

Liaoning Bora Petrochemical Co., Ltd has selected LyondellBasell’s...

Courtesy: Datacolor

Information Technology | On 21st Aug 2017

Datacolor opts D&H Distributing as North American partner

Datacolor, a leader in colour management solutions, has renewed its...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search