Aptma urges immediate steps to bring textile sector out of crisis

KARACHI - Chairman All Pakistan Textile Mills Association Muhammad Iqbal Ebrahim, has expressed concern over prevailing crisis of gas rate for Captive Power Plants (CPPs) which has not yet been resolved even though the govt has given firm assurance to resolve this issue and bring the gas tariff at par for both CPPs and the general industry.  

Iqbal Ebrahim, in statement on Tuesday, said that APTMA is demanding the Govt that there should be no discrimination in the gas tariff between Captive Power Plants and the general industry and request to bring the tariff at par with the general industry and abolish with immediate effect the newly created discriminatory category of Captive Power Plants (CPPs).

Chairman APTMA further said: “we have requested the government that the gas/electricity tariff be freezed for at least one year so that industry in general and exporters in particular could concentrate to cater export market and earn much needed foreign exchange for the country.