Home / Knowledge / News / Textiles / Gas supply cut to stagnate Pakistan textile industry: FCCI
Gas supply cut to stagnate Pakistan textile industry: FCCI
05
Nov '13
A further reduction in gas supply to the Textile industry of Faisalabad in Pakistan during the next three months would lead to industrial stagnation, making it difficult for producers to honour their export commitment resulting into increased unemployment, said Faisalabad Chamber of Commerce and Industry (FCCI) President Engineer Suhail Bin Rashid at a media briefing.
 
Presently the Faisalabad textile industry is receiving only 170 millions of cubic feet per day (mmcfd) gas as against its requirement of 335 mmcfd of gas during winter season, and any further cut in this supply would bring the industry to a halt, as no other alternative fuel is feasible or available and the production process does not move ahead in the absence of gas supply, he added.
 
Mr. Rashid said that of the total US$ 14 billion of textile exports from the country, Punjab contributes around US$ 10 billion in exports of which Faisalabad accounts for 40 percent.
 
The non-supply of gas to Faisalabad industry would not only impact domestic supplies but also exports, he added.
 
The FCCI official also stressed that increased unemployment resulting from this situation could also impact the law and order situation in the area.
 
Mr. Rashid said the gas prices in Pakistan are the highest in the region at Pk Rs. 488.23 per Million Metric British Thermal Units (MMBTU), whereas in Bangladesh it prevails at Rs. 260 per MMBTU and in Sri Lanka at Rs. 330 per MMBTU, and with such high rates Pakistani producers and exporters are finding it difficult to compete against other nations like India, Sri Lanka and Bangladesh.
 
Pakistan’s external reserves are already at a critical stage and any further reduction in export earnings is likely to worsen the balance of payment situation, he added.
 
The FCCI official has urged the Government and gas authorities to devise a rational load management plan to relieve the domestic textile producers during the winter season, as gas and power crisis are the greatest hindrances in the way of these producers who are eager to expand their industrial base and investments.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 22nd Oct 2021

China's coal output rises to meet energy shortfalls amid govt measures

China's coal supply has showed signs of picking up with daily...

Pic: Shutterstock

Textiles | On 22nd Oct 2021

Indonesia, China begin feasibility study on coal-to-methanol unit

Indonesia and China recently signed an MoU to conduct a feasibility...

Pic: Shutterstock/TY Lim

Fashion | On 22nd Oct 2021

Balenciaga ranked hottest brand in The Lyst Index Q3 2021

Paris-based luxury fashion house Balenciaga was ranked the hottest...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Chini Chouhan,

Chini Chouhan

Founded by Chini Chouhan, her eponymous brand specialises in women's...

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

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


October 2021

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


Advanced Search