Govt denies reports of widespread industrial shutdown across Sindh, Balochistan

News Image

MG News | December 06, 2023 at 09:54 AM GMT+05:00

0:00

December 06, 2023 (MLN): The Ministry of Industries and Production has refuted claims asserting that approximately 90% of industries in seven industrial zones of Karachi, along with various trade bodies across Sindh and Balochistan, have shut down in protest against higher gas tariffs, as revealed in a press release issued on Tuesday.

The ministry has also clarified that the majority of industries in Karachi and other industrial zones of Sindh and Balochistan remain operational and fully committed to their productive activities.

“We have received information from reliable sources, indicating that the industrial operations are continuing without any significant disruptions,” the ministry added.

The Ministry recognizes the importance of a conducive business environment and values the concerns raised by the business community.

However, it is important to note that any perception of mass industry closures is not accurate.

The government is in constant dialogue with various stakeholders, to address their concerns and find an amicable solution.

The Ministry assures the business community that their concerns are being thoroughly examined, and an inclusive approach is being adopted to ensure a fair resolution.

The Ministry of Industries and Production wishes to reiterate that the industrial landscape is dynamic, and the government is committed to fostering an environment conducive to sustainable growth.

Any reports suggesting widespread industry closures should be treated with caution, as they may not accurately reflect the current situation.

Copyright Mettis Link News      

Related News

Name Price/Vol %Chg/NChg
KSE100 157,496.10
196.19M
-2.30%
-3714.58
ALLSHR 94,227.01
359.74M
-1.95%
-1870.28
KSE30 48,330.20
95.67M
-2.92%
-1451.54
KMI30 224,687.33
101.59M
-2.56%
-5909.78
KMIALLSHR 60,839.09
199.88M
-2.16%
-1344.18
BKTi 45,489.96
23.93M
-2.22%
-1033.26
OGTi 32,083.47
15.22M
-1.82%
-594.75
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 68,400.00 71,645.00
67,860.00
-3130.00
-4.38%
BRENT CRUDE 93.32 94.64
83.16
7.91
9.26%
RICHARDS BAY COAL MONTHLY 99.40 0.00
0.00
-11.85
-10.65%
ROTTERDAM COAL MONTHLY 127.00 129.00
123.00
3.55
2.88%
USD RBD PALM OLEIN 1,083.50 1,083.50
1,083.50
0.00
0.00%
CRUDE OIL - WTI 91.27 92.61
78.24
10.26
12.67%
SUGAR #11 WORLD 14.09 14.17
13.69
0.37
2.70%

Chart of the Day


Latest News
March 06, 2026 at 11:26 PM GMT+05:00

Petrol, diesel prices to increase by Rs55 per litre


March 06, 2026 at 09:14 PM GMT+05:00

HUM Network denies money laundering allegations


March 06, 2026 at 03:22 PM GMT+05:00

PKR posts marginal gain vs USD


March 06, 2026 at 02:10 PM GMT+05:00

Gold price in Pakistan falls Rs3,400 per tola


March 06, 2026 at 01:25 PM GMT+05:00

BOK net profit soars 61%



Top 5 things to watch in this week

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