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Mettis Global News
Mettis Global News
Mettis Global News

CPI Preview: Inflation to fall below 14% YoY in May

Govt denies reports of widespread industrial shutdown across Sindh, Balochistan

ECC approves Rs2.16bn to cover Pakistan Steel Mill's gas bills
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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.

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Posted on: 2023-12-06T09:54:17+05:00