Home / Knowledge / News / Textiles / APTMA decides to become party to CNG petition in SC
APTMA decides to become party to CNG petition in SC
01
Nov '12
All Pakistan Textile Mills Association (APTMA) has decided to become party to the CNG petition for working out a new pricing mechanism in Supreme Court.

Chairman APTMA has further demanded restricting the CNG usage exclusively to the public transport in order to provide genuine relief to the masses. While apprehending a quantum increase in the gas utilization by CNG sector, the APTMA leadership said this situation would lead to unbearable economic fallout ahead in the country. 
 
He has also proposed of restricting gas quota to 7% to the CNG sector as per claim of the CNG Association in the Supreme Court.
 
He said the CNG sector was utilizing 400MMCFD on both the SNGPL and the SSGC network besides another 75MMCFD as Unfound Gas (UFG) in actual, which comes around 20% utilization of gas by the CNG sector. The CNG Association, on the other hand, has pleaded before the Supreme Court that it was utilizing merely 7% gas on both networks, which was a wrong percentage. 
 
He said gas utilization of 475MMCFD by the CNG sector would cost Pakistan economy to the tune of Rs240 billion against existing loss of Rs300 billion under the head of circular debt.
 
He deplored that there was no specific quota allocation for the CNG sector. Resultantly, Pakistan has topped the CNG population of vehicles against ranking at 24th in gas production worldwide, he added.
 
He said there is an urgent need of setting the direction of the economy straight and it is right time to decide whether we should consume gas in private vehicles or generate cheap electricity through its prudent use to create millions of jobs in textile, fertilizer and power sectors of the country. 
 
According to him, cracking down the abnormal profits of the CNG sector by the Supreme Court was highly appreciative but it should also restrict the utilization of gas to the public transport. A similar decision was taken by the Indian court restricting gas utilization to the public sector, he added.
 
Chairman APTMA said that APTMA was stick to its demand of curtailing gas supply for 90 days to the CNG sector during winter to keep exports and employment intact in country. 
 

All Pakistan Textile Mills Association (APTMA)


Must ReadView All

UK publishes temporary tariff regime for no-deal Brexit

Apparel/Garments | On 19th Mar 2019

UK publishes temporary tariff regime for no-deal Brexit

The United Kingdom will avoid imposing tariffs on most imported goods ...

Pic: UN Environment

Apparel/Garments | On 19th Mar 2019

UN Alliance for Sustainable Fashion addresses fast fashion

The UN Alliance for Sustainable Fashion, launched recently at the UN...

Cotton arrival at Pak ginneries down 6.84% as on March 15

Textiles | On 19th Mar 2019

Cotton arrival at Pak ginneries down 6.84% as on March 15

Over 10.762 million bales of cotton have arrived in 2018-19 season at ...

Interviews View All

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Smarth Bansal, Colorjet India Limited

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Mario Ploner,

Mario Ploner

<div>Italian company Tecnomeccanica Biellese specialises in planning and...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

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


March 2019

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

news category


Related Categories:

Advanced Search