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Pakistan suspends gas cut plan for Punjab textile units
Nov '14
courtesy: Ministry of Finance/Pakistan Government
courtesy: Ministry of Finance/Pakistan Government
The Government of Pakistan has suspended the gas load management plan for the textile units in Punjab province, with immediate effect.
The decision was taken after a delegation of All Pakistan Textile Mills Association (APTMA) and other textile related representatives met Federal Finance Minister Ishaq Dar.
During the meeting, the APTMA delegation apprised the Minister that the textile units in Punjab are facing a difficult situation due to shortage of gas and the impending gas-shedding plan which had been implemented ahead of schedule.
The delegation said that although some textile units were only using electricity, a majority of units were depended on gas to remain competitive with neighbouring countries. Hence, suspension of gas supply from November till March would starve the textile industry resulting in huge decline in export earnings.
The Minister responded that the Government was aware of the difficulties faced by the textile industry and desired to find an amicable solution to the issue of shortage of gas. He instructed, with the approval of the Prime Minister, gave instructions to the Secretary Petroleum & Natural Resources to suspend gas shedding plan. He also ordered restoration of already closed connections to the textile units.
Dar said the gas shedding plan stands temporarily suspended, and the final decision on the matter would be taken after relevant Ministers return from their foreign tours.
The meeting was attended by Minister for Commerce Khurram Dastgir Khan, Minister for Textile Industry Abbas Khan Afridi and other senior officials.
In the first quarter of fiscal year 2014-15 that began on July 1, Pakistan’s exports of textiles and garments declined marginally by 3.99 per cent year-on-year to US$ 3.417 billion according to the Pakistan Bureau of Statistics. (RKS)

Fibre2fashion News Desk - India

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