Home / Knowledge / News / Textiles / APTMA urges Federal Minister to curb rise in electricity tariffs
APTMA urges Federal Minister to curb rise in electricity tariffs
30
Oct '08
Chairman All Pakistan Textile Mills Association (APTMA) Muhammad Iqbal Ebrahim expressed concern over the proposed 60 percent rise in electricity tariff and met with the Federal Minister for Water and Power, Raja Pervez, to appeal on the behalf of Pakistan's textile industry.

He requested that the Minister ask PEPCO/KESC not to increase electricity tariff but create a separate one for the textile industry without any further delay.

He explained that with this hike in tariffs the textile industry based on PEPCO/KESC will not be feasible, as the production cost will skyrocket. He stressed that, this way 150 textile units will close down, leave about 100,000 workers unemployed and affect 600,000 family members.

Mr Ebrahim said that business activity worth Rs100 billion would be suspended and there would be a decrease in direct and indirect exports of about $1 billion. The loss in government revenue would be about Rs700 billion.

Parliamentary committee constituted by the Federal Minister will comprise members from the private sector and present its report within 10 days after investigating the tariff matter.

Minister said that in future the committee will decide about any changes in electricity and gas tariff.

Must ReadView All

Courtesy: Messe Frankfurt

Textiles | On 24th Mar 2017

Over 3341 exhibitors participate in Intertextile Shanghai

More than 3,341 exhibitors from 26 countries and regions participated ...

Courtesy: Bebe

Apparel/Garments | On 24th Mar 2017

Bebe Stores exploring strategic alternatives

Bebe Stores has announced that its board of directors is exploring...

Apparel/Garments | On 24th Mar 2017

Tiruppur garment cluster hopeful of meeting export target

The Tirupur garment cluster is hopeful of meeting its target of...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi
SVA

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

news category


Related Categories:
March 2017

March 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