APTMA urges PM to save export-oriented industry

News Image

MG News | January 20, 2022 at 10:57 PM GMT+05:00

January 20, 2022 (MLN): Mr Asif Inam, Chairman All Pakistan Textile Mills Association, Southern Zone has requested Prime Minister of Pakistan, Mr Imran Khan’s intervention to save the export-oriented textile industry of Sindh and Baluchistan from total closure as they have become almost standstill due to inadequate gas supply, said a press release issued on Thursday.

These industries are contributing more than 52 percent in total textile exports of Pakistan are deprived of gas supply despite the government's vision of the higher priority of gas supply to export-oriented industries as compared to other industries.

He further said that industries of Sindh and Baluchistan are denied their legal right on gas supply although they are self-sufficient in the supply of natural gas.

 Low gas pressure and frequent unavailability have become a major hurdle to completing the export orders within time.

He added that despite Baluchistan High Court Order, industrial units located in Hub Industrial Area are getting only 25 percent gas pressure which is inadequate to run the mills.

Mr Asif Inam urged the government and gas supply companies to ensure the provision of gas to export-oriented industries including textile to run their mills without any disruption so that they can fulfil their export commitments in time.

Otherwise, the export-oriented textile industry would be compelled to shut down their industries as they are incurring heavy financial losses due to the unavailability of gas, he noted.

Copyrights Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 169,043.20
125.46M
0.61%
1021.40
ALLSHR 102,244.62
384.35M
0.68%
687.69
KSE30 50,297.78
69.63M
0.61%
306.30
KMI30 240,616.56
58.52M
0.70%
1662.76
KMIALLSHR 66,324.04
212.30M
0.75%
491.93
BKTi 46,865.56
26.40M
0.56%
262.97
OGTi 34,899.40
10.33M
1.73%
593.21
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 76,930.00 77,195.00
75,655.00
845.00
1.11%
BRENT CRUDE 104.72 106.02
101.53
-1.11
-1.05%
RICHARDS BAY COAL MONTHLY 130.00 0.00
0.00
4.75
3.79%
ROTTERDAM COAL MONTHLY 138.50 0.00
0.00
-0.55
-0.40%
USD RBD PALM OLEIN 1,228.00 1,228.00
1,228.00
0.00
0.00%
CRUDE OIL - WTI 102.20 102.47
99.10
-0.23
-0.22%
SUGAR #11 WORLD 18.32 18.96
18.27
-0.57
-3.02%

Chart of the Day


Latest News
September 17, 2026 at 09:23 PM GMT+05:00

SBP reserves surge $3.06bn to $21.39bn


September 17, 2026 at 09:04 PM GMT+05:00

SBP rejects reports of Rs10 banknote discontinuation


September 17, 2026 at 06:36 PM GMT+05:00

SCRA balance drops Rs374m, securities see Rs3bn net selling


September 17, 2026 at 05:25 PM GMT+05:00

SIFC sharpens investor focus with new facilitation framework



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg