Home / Knowledge / News / Textiles / PTEA demands halt in power tariff hikes for six months
PTEA demands halt in power tariff hikes for six months
16
May '12
Textile exporters of Pakistan have called upon the Government to keep the electricity charges unaltered for the next six months and to abolish fuel adjustment surcharge.

Raising the demand during a meeting, Pakistan Textile Exporters Association (PTEA) Chairman Rana Arif Tauseef said frequent hikes in electricity charges and surcharges are badly hitting all sectors of the economy, thus disturbing the economic cycle and elevating inflation in the country.

Speaking in presence of Federal Minister for Water and Power Syed Naveed Qamar, Mr. Rana urged the Government to freeze the electricity charges at current rates for at least six months, as it is the minimum time required to complete an export transaction.

While the industrial sector is already grappling against a number of internal as well as external challenges, a continuous rise in power tariffs is adding to the financial woes of the industry, Mr. Rana said.

He added that the high costs of doing business in the country have forced several industrial units to shift their operations to other countries.

He suggested that the burden of high power tariff, which is taking a toll on businesses and industry, can be eased through more efficient use of water resources, as water is the most viable and cost-effective means for generating electricity.

Further, Mr. Rana also called for revamping the fuel adjustment formula, claiming that it is badly hitting the trade and industry.

Due to high cost of doing business, Pakistani exporters are already losing international buyers, and any hike in power tariff under the monthly fuel adjustment system would further affect the competitiveness of Pakistani goods, he said.

Urging for a reduction in the EQ surcharge to two percent, like in other provinces, he also sought that MDI charges should be charged on actual basis and not for load-shedding hours.

Mr. Rana alleged that the Government has not acted seriously to alleviate power crisis, which has resulted in a slowdown of economic activities throughout Pakistan.

Electricity outages have negatively impacted the production process and also exports of Punjab's value added industries.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search