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Textile sector to be freed from gas load shedding – PTEA
02 Nov '10
2 min read
Government should free the export-driven textile factories from gas load shedding so that they can retain their competitive edge in the global market. This was revealed by Pakistan Textile Exporters Association (PTEA) Chairman, Waseem Lateef and Vice Chairman, Adil Manzoor Ellahi as they opposed the government's proposal of three-day gas supply closure for textile units.
If the proposal is executed, it would cause a loss of three million dollars per week to textile exports, and would compel the textile units to discharge around 30 percent of their workforce, they stated.
Fearing the negative effects of reduction in industrial production leading to failure in timely delivery of shipments, they stated that, the textile exports have already been under stress on account of the rising cost of raw materials coupled with a hike in overhead prices, and now this gas load shedding has caused serious damage to the existing situation. They further stated that, the production cut is likely to threaten millions of jobs in Faisalabad alone.
Lateef stated that, continuous gas supply is very much needed to keep the factories functional. He also added that, majority of the factories have already closed down and rest of them too may not be able to continue functioning with such interrupted gas supply.
Both the officials together urged the government to initiate all possible measures to find a solution to the issue, as it won't be possible to attain any textile export targets without settling these problems. Also they requested the government to give the textile sector a preferential treatment, to save this sector and the country's economy.
If the proposal is executed, it would cause a loss of three million dollars per week to textile exports, and would compel the textile units to discharge around 30 percent of their workforce, they stated.
Fearing the negative effects of reduction in industrial production leading to failure in timely delivery of shipments, they stated that, the textile exports have already been under stress on account of the rising cost of raw materials coupled with a hike in overhead prices, and now this gas load shedding has caused serious damage to the existing situation. They further stated that, the production cut is likely to threaten millions of jobs in Faisalabad alone.
Lateef stated that, continuous gas supply is very much needed to keep the factories functional. He also added that, majority of the factories have already closed down and rest of them too may not be able to continue functioning with such interrupted gas supply.
Both the officials together urged the government to initiate all possible measures to find a solution to the issue, as it won't be possible to attain any textile export targets without settling these problems. Also they requested the government to give the textile sector a preferential treatment, to save this sector and the country's economy.
Fibre2fashion News Desk-India
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