Yet another gas supply suspension is unacceptable: President FPCCI

News Image

By MG News | October 08, 2021 at 08:30 PM GMT+05:00

0:00

October 8, 2021: Mian Nasser Hyatt Maggo, President FPCCI, has expressed his profound concerns over yet another gas supply suspension for 72 hours for the industrial areas of Sindh and Balochistan.

It will bring many export-oriented industrial units to a halt and ensuing losses, he added.

FPCCI Chief pointed out that after every few months the industrial sector has to endure the prolonged gas supply suspensions; despite repeated promises and assurances given to the business, industrial and trade community of Pakistan from the platform of FPCCI.

Mian Nasser Hyatt Maggo maintained that governments all over the world protect the industries from unplanned gas and fuel outages; and, also help them ward off the adverse effects if the suspensions occur.

FPCCI President forewarned the government authorities that during winters there could be an unprecedented gas shortage and the country’s exports can be gravely impacted; and, the government should sit down with the business community at the earliest to chalk out a plan to protect the export-oriented industries from inevitable gas shortages.

Mian Nasser Hyatt Maggo, as President FPCCI, has reiterated his full support to facilitate the consultative process between government authorities and the business community before the winter starts. FPCCI wants to support the government’s vision to enhance Pakistan’s exports in a fast-paced; yet, sustainable manner, he added.

Press Release

 

Related News

Name Price/Vol %Chg/NChg
KSE100 130,344.03
345.79M
1.67%
2144.61
ALLSHR 81,023.99
1,021.87M
1.55%
1236.37
KSE30 39,908.26
141.62M
2.05%
803.27
KMI30 189,535.00
150.29M
1.40%
2619.39
KMIALLSHR 54,783.66
508.76M
1.07%
581.78
BKTi 34,940.73
55.86M
4.37%
1464.05
OGTi 28,296.06
16.02M
1.19%
333.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,295.00 108,430.00
105,440.00
2545.00
2.41%
BRENT CRUDE 67.67 68.10
66.94
0.56
0.83%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 109.20 110.00
108.25
1.70
1.58%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.98 66.43
65.23
0.53
0.81%
SUGAR #11 WORLD 15.53 15.97
15.52
-0.17
-1.08%

Chart of the Day


Latest News
July 02, 2025 at 05:29 PM GMT+05:00

CDNS revises profit rates on savings schemes


July 02, 2025 at 05:05 PM GMT+05:00

PSX in FY25: From Oof to Boom


July 02, 2025 at 05:01 PM GMT+05:00

Gold price in Pakistan falls Rs600 per tola


July 02, 2025 at 04:35 PM GMT+05:00

Oil gains slightly as market eyes Iran, OPEC+ moves


July 02, 2025 at 04:02 PM GMT+05:00

PSX Closing Bell: Record Breaker



Top 5 things to watch in this week

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