Home / Knowledge / News / Textiles / Pakistan's ECC to divert gas from power to textile units
Pakistan's ECC to divert gas from power to textile units
18
Dec '13
Following the Prime Minister (PM) of Pakistan Nawaz Sharif’s decision to provide additional gas supply to the industrial sector, the Economic Coordination Committee (ECC) of the cabinet has approved the PM’s directive for diversion of 85 million cubic feet (mmcfd) of natural gas from electricity to industrial units, including textiles.
 
The ECC, under the chair of Finance Minister Ishaq Dar, has decided to divert 85 mmcfd of gas presently being provided to the power sector to export oriented industries in the country, especially textiles, with immediate effect to take full advantage of Generalized System of Preferences Plus (GSP+) facility granted to Pakistan recently.
 
According to the ECC, the decision would check unemployment and help maintain the present momentum of growth in industries, including textiles sector, besides earning much needed foreign exchange for the country.
 
The ECC decision came after industrialists appeal to be provided with additional gas in order to take full advantage of GSP+ status granted to Pakistan last week by the European Union. The GSP+ status takes effect from January 1, 2014.
 
Earlier this week, Finance Minister Ishaq Dar had assured that the textile industry of Pakistan would receive gas for two days a week as per the Federal Government’s decision, stating that the Government was taking tangible measures to overcome the energy crisis in the country and 41,000 mega watts power will be added to the system in next few years.
 

Fibre2fashion News Desk - India

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

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Lynda Kelly
Suominen Corporation

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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