Govt denies reports of widespread industrial shutdown across Sindh, Balochistan

News Image

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

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 179,571.27
436.67M
1.06%
1878.35
ALLSHR 108,600.94
844.23M
1.00%
1073.54
KSE30 53,548.42
162.02M
0.99%
525.53
KMI30 256,725.70
154.74M
0.76%
1936.43
KMIALLSHR 70,620.69
563.61M
0.98%
683.55
BKTi 48,625.03
36.31M
1.37%
658.39
OGTi 37,179.52
8.29M
0.94%
345.85
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 59,085.00 61,900.00
57,960.00
-750.00
-1.25%
BRENT CRUDE 74.61 74.86
72.06
0.87
1.18%
RICHARDS BAY COAL MONTHLY 115.00 0.00
0.00
0.50
0.44%
ROTTERDAM COAL MONTHLY 126.25 126.25
126.25
0.35
0.28%
USD RBD PALM OLEIN 1,135.00 1,135.00
1,135.00
0.00
0.00%
CRUDE OIL - WTI 71.41 71.61
68.90
1.07
1.52%
SUGAR #11 WORLD 13.99 14.14
13.86
-0.03
-0.21%

Chart of the Day


Latest News
June 25, 2026 at 08:29 PM GMT+05:00

Gold hovers around $4,000, silver below $60


June 25, 2026 at 06:07 PM GMT+05:00

Barclays raises Pakistan dollar bonds to overweight


June 24, 2026 at 06:36 PM GMT+05:00

Shifa earns historic dual JCI honor



Top 5 things to watch in this week

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