KARACHI, June 19: Chairman, Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM), Syed Nabeel Hashmi, has said that discrimination and corruption of power distribution companies’ officials has broken all records, as large industrial setups are receiving smooth supply while small units are suffering the most.

In many cases, power distribution companies are dedicated to ensure uninterrupted supply to ‘certain companies’ even in the prevailing severe power crisis as officials have allegedly fixed per hour commission for this undue favour.

Resultantly, production of small industrial units has nosedived due to crippling power cuts stretching over 12 hours in industrial estates, he said.

He also criticised the government for its failure to honour its commitment regarding five days a week provision of gas to the industry because of which industrial production and trading activities have come down to its lowest level.

More From This Section

Dar eyes forex reserves at $15bn by end-Sept

Pakistan's forex reserves are currently at $11.67bn after SBP received $2bn on Wednesday through floating of Eurobonds.

Sindh revenue collection jumps by 23pc

Revenue collection in Sindh between July 2013 and March 2014 stood at Rs23.7bn, witnessing an increase of 23 per cent.

Treasury bills losing attraction

Govt failed to mobilise banks for T-bills auction as the bids it received for the auction were less than the set target.

Punjab textile units start downsizing

Several textile units have incurred losses due to short gas supply, long power cuts, appreciating rupee against US$.


Comments are closed.
Explore: Indian elections 2014
Explore: Indian elections 2014
How much do you know about Indian Elections?
How much do you know about Indian Elections?
Cartoons
E-PAPER
Front Page