LAHORE - All Pakistan Textile Mills Association (APTMA) Punjab Chairman Shahzad Ali Khan has rejected LCCI’s proposal of increase in gas tariff for Captive Power Plants (CPPs), saying that any such move would be the last nail in textile industry’s coffin.
He further lamented that such a controversial statement has appeared on behalf of the President LCCI. President LCCI has, as a matter of fact, suggested to juggernaut the sustainability of textile industry in Punjab by floating this proposal.
Already, he said, the Punjab-based textile industry is being hit hard by unprecedented electricity and gas shortage. While the textile industry in other provinces, on the other hand, is operating on full throttle under either the Constitutional cover or court stays against load shedding, he added.
Chairman APTMA also reminded President LCCI that 70 percent of textile industry, predominantly meant for exports, is located in Punjab and all textile mills are members of the LCCI. Therefore, a proposal of increase in gas tariff for CPPs by the Present LCCI without taking its members into confidence is amazing and carries no sense.
He said 30 percent of Punjab-based textile capacity is already impaired due to unprecedented loadshedding of electricity and gas since November 2007. The situation has become further gruesome with the fact that over 10-million workforce is directly and indirectly attached with this energy-stricken industry, presently affected badly due to capacity closures in leading textile hubs.