17pc gas price hike to hit exports

Published December 24, 2005

KARACHI, Dec 23: The Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) flaying the 17 per cent increase in gas tariffs has said that it will adversely hit the export oriented-industries.

In a statement issued on Friday, Prgmea Sindh-Balochistan Zone chairman Atiq A Kochra said that Pakistan’s textile products were already facing stiff competition in the world market after abolition of quotas and the latest increase in gas prices would render them uncompetitive.

He said that there was a marked difference in new gas rates announced by the Sui Southern Gas Company (SSGC) and Sui Northern Gas Company (SNGC) for industries.

According to new price schedule, he said, the industries in Sindh would have to pay more than the industries located in Punjab. “This is great injustice and glaring discrimination meted out to the industries in the province of Sindh.”

Kochra pointed out that the fertilizer industry had been exempted from the increase in gas tariff. However, he suggested that the export-oriented industries, which are earning precious foreign exchange, should also be exempted from the tariff increase.

Opinion

Editorial

After the deluge
Updated 16 Jun, 2024

After the deluge

There was a lack of mental fortitude in the loss against India while against US, the team lost all control and displayed a lack of cohesion and synergy.
Fugue state
16 Jun, 2024

Fugue state

WITH its founder in jail these days, it seems nearly impossible to figure out what the PTI actually wants. On one...
Sindh budget
16 Jun, 2024

Sindh budget

SINDH’S Rs3.06tr budget for the upcoming financial year is a combination of populist interventions, attempts to...
Slow start
Updated 15 Jun, 2024

Slow start

Despite high attendance, the NA managed to pass only a single money bill during this period.
Sindh lawlessness
Updated 15 Jun, 2024

Sindh lawlessness

A recently released report describes the law and order situation in Karachi as “worryingly poor”.
Punjab budget
15 Jun, 2024

Punjab budget

PUNJAB’S budget for 2024-25 provides much fodder to those who believe that the increased provincial share from the...