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Pak textile exporters condemn rise in power charges
02
Mar '12
The enormous hike in power charges has been strongly condemned by the textile exporters in Pakistan, who say that the step would not only negatively impact the country's trade and industry, but would also push the inflation graph high.

Refuting the massive 39 percent increase in electricity charges and PK Rs. 4 per litre in petrol prices, textile exporters have called for a relief package for the badly hit textile industry.

The exporters have urged the Government to rollback the hike in petrol and electricity charges, as this would have devastating effect on all segments of society, including the industrial sector, as this would greatly push the cost of production, the Pakistan Textile Exporters Association (PTEA) said.

Expressing concern over slowdown of production activities in the industrial units hit by power and gas outages, the association said the recent rise in power charges would come as a hard blow to all segments of the industry including the textile sector, which is the backbone of the country's economy.

According to PTEA, rather than choosing interim solutions which can serve only day-to-day demand for energy, the Government should formulate a proper mechanism involving a long-term strategy to surmount energy crisis and mounting inflation.

It added that the textile sector would lose its competitiveness in the regional and global markets if the Government did not cut the input costs.

Fibre2fashion News Desk - India

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