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APTMA Chairman lauds govt for 40% relief on power bills

27
Oct '08

Mr. Muhammad Iqbal Ebrahim, Chairman, All Pakistan Textile Mills Association (APTMA) has lauded the decision of Special Committee constituted by the Prime Minister, Syed Yousuf Raza Gilani under the Chairmanship of Raja Pervez Ashraf, Minister for Water & Power to review the issue of increase in power tariff to provide interim relief of 40% on current power bills.

In a statement issued to the press Mr. Muhammad Iqbal Ebrahim, Chairman – APTMA welcomed the constitution of Sub Committee headed by Ms. Hina Rabbani Khar, Special assistant to the Prime Minister on Economic Affairs comprising of senior parliamentarians, bureaucrats and representatives of Private Sector to review the tariff issue and submit its recommendations acceptable to all the stakeholders to the Special Committee for its consideration and final approval.

Chairman APTMA has appreciated the efforts of Dr. Muhammad Farooq Sattar, MNA and confident that he would play his due role and look after the interest of the stakeholders and the country. Chairman APTMA also appreciated the role of Raja Pervez Ashraf, Mr. Shaukat Tareen, Ms. Hina Rabbani Khar and other government officials.

Chairman APTMA further said that the constitution of Special Committee to review the unprecedented increase in power tariff and to find out its solution acceptable to all the stakeholders is government's right step in right direction otherwise it would have an adverse impact on the industrial sector which is already facing multifarious problems including high cost of doing business. Skyrocketing inflation has already eroded the purchasing power of the general public, as such people deserve every possible relief to lessen some pressure on them and hoped that committee will come out with positive news for business and industry as well as general public, he added.

Mr. Iqbal Ebrahim demanded the government to bring down the prices of oil and petroleum products including Furnace Oil as the price of oil in the international market has already dropped down in the bracket of 60-65 % per barrel because the business community and the general public has pinned lot of hopes from the present democratic government for their better future.

All Pakistan Textile Mills Association (APTMA)

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