Home / Knowledge / News / Textiles / APTMA decides to become party to CNG petition in SC
APTMA decides to become party to CNG petition in SC
01
Nov '12
All Pakistan Textile Mills Association (APTMA) has decided to become party to the CNG petition for working out a new pricing mechanism in Supreme Court.

Chairman APTMA has further demanded restricting the CNG usage exclusively to the public transport in order to provide genuine relief to the masses. While apprehending a quantum increase in the gas utilization by CNG sector, the APTMA leadership said this situation would lead to unbearable economic fallout ahead in the country. 
 
He has also proposed of restricting gas quota to 7% to the CNG sector as per claim of the CNG Association in the Supreme Court.
 
He said the CNG sector was utilizing 400MMCFD on both the SNGPL and the SSGC network besides another 75MMCFD as Unfound Gas (UFG) in actual, which comes around 20% utilization of gas by the CNG sector. The CNG Association, on the other hand, has pleaded before the Supreme Court that it was utilizing merely 7% gas on both networks, which was a wrong percentage. 
 
He said gas utilization of 475MMCFD by the CNG sector would cost Pakistan economy to the tune of Rs240 billion against existing loss of Rs300 billion under the head of circular debt.
 
He deplored that there was no specific quota allocation for the CNG sector. Resultantly, Pakistan has topped the CNG population of vehicles against ranking at 24th in gas production worldwide, he added.
 
He said there is an urgent need of setting the direction of the economy straight and it is right time to decide whether we should consume gas in private vehicles or generate cheap electricity through its prudent use to create millions of jobs in textile, fertilizer and power sectors of the country. 
 
According to him, cracking down the abnormal profits of the CNG sector by the Supreme Court was highly appreciative but it should also restrict the utilization of gas to the public transport. A similar decision was taken by the Indian court restricting gas utilization to the public sector, he added.
 
Chairman APTMA said that APTMA was stick to its demand of curtailing gas supply for 90 days to the CNG sector during winter to keep exports and employment intact in country. 
 

All Pakistan Textile Mills Association (APTMA)

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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