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

Pic: Shutterstock

Textiles | On 25th Sep 2020

UK finance minister outlines Winter Economy Plan

UK chancellor of the exchequer Rishi Sunak yesterday outlined...

Pic: Shutterstock

Textiles | On 25th Sep 2020

India in process of finalising Mauritius FTA: minister

India is in the process of finalising the proposed free trade...

Pic: Shutterstock

Textiles | On 25th Sep 2020

Indonesia expects economy to shrink by 1.7-0.6% this year

Indonesia recently revised down its 2020 gross domestic product...

Interviews View All

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Top executives, Machinery Company

Top executives
Machinery Company

We will promote latest technologies at ITMA Barcelona

Vasanth Kumar, Max Fashion India

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Carmen Makover,

Carmen Makover

Leading the digital textile printing industry, Israel-based Kornit...

Paolo Crespi,

Paolo Crespi

Japan's Epson, a leader in digital textile printing, Italy's For.Tex, a...

Rajesh Vig & Ritu Vig,

Rajesh Vig & Ritu Vig

Rajesh Vig and Ritu Vig, promoters of the kidswear brand Happy Feet,...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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


September 2020

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


Advanced Search