Home / Knowledge / News / Textiles / PHMA opposes 15pc hike in industrial gas tariff

PHMA opposes 15pc hike in industrial gas tariff

18
Aug '12
Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has termed the recent 15 percent hike in industrial gas tariff as unjustified and opposed the same.
 
PHMA North Zone Chairman Usman Jawaad said Pakistan’s textile industry in general, and the value added knitwear garment industry in particular, is already enduring a crucial phase, where sustenance has become the key issue in the current competitive global market. 
 
In spite of being significant contributors to the country’s export earnings, the textile and garment industry has registered a decline in exports during last fiscal, mainly because Pakistani exporters lack a level playing field.
 
Stating that the 15 percent hike in gas tariff would ultimately raise the production cost of the textile industry, Mr. Jawaad called for immediate roll back of the decision in the interest of the country’s export industry which is passing through its most critical phase.
 
Drawing attention to a situation where textile production is falling sharply, PHMA Chief said this has raised the redundancy threat for workers, which has increased the country’s poverty level. Given the situation, the Government is expected to initiate supportive measures rather than further pressuring the industry by hiking gas prices, he said.
 

Fibre2fashion News Desk - India


Must ReadView All

US President Joe Biden. Pic: Shutterstock

Textiles | On 29th Jul 2021

Proposed amendments to raise US content in federal purchases announced

The United States has decided to raise US-made content in government...

Pic: Shutterstock

Apparel/Garments | On 29th Jul 2021

Uninterrupted supply chain crucial for Vietnam amid ongoing COVID wave

Ensuring that the supply chain of Vietnam is not interrupted amid the ...

Pic: Moschino

Fashion | On 29th Jul 2021

Italy’s Aeffe buys remaining 30% stake in Moschino for full ownership

Italian luxury fashion company Aeffe has acquired fashion house...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Zayed Moyeen,

Zayed Moyeen

Far East Knitting and Dyeing Industries LTD (FEKDIL) was established in...

Ritu Oberoi,

Ritu Oberoi

Mumbai-based Forsarees is a socially driven business enterprise, working...

Alberto Gotti,

Alberto Gotti

Danitech was born from the will of a group of technicians to offer the...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

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

Leave your Comments


July 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search