APTMA asks PM Shehbaz to announce electricity, gas rate

• (APTMA) urged PM Shehbaz Sharif on Tuesday to announce power and gas rates for the textile industry.
• The change occurs because the contract for providing gas and electricity at a “market competitive rate” is set to expire on June 30.
• Prior to June 30, the premier is encouraged to release the prices for gas and electricity so that people can plan their orders correctly.

ISLAMABAD:  the All Pakistan Textile Mills Association (APTMA) urged Prime Minister Shehbaz Sharif on Tuesday to announce power and gas rates for the textile industry.

The change occurs because the contract for providing gas and electricity to the textile industry at a “market competitive rate” is set to expire on June 30. Imran Khan, a former prime minister, gave the facility to APTMA in an effort to increase the nation’s exports.

APTMA claimed in a letter to Prime Minister Shehbaz Sharif that after numerous discussions with government teams over the energy pricing, no progress had been made.

The letter stated that while the situation around the energy and gas rate is still unclear, the textile industry is not receiving any export orders.

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Prior to June 30, the premier is encouraged to release the prices for gas and electricity so that people can plan their orders correctly.

Earlier, Hamid Zaman, a representative of the All Pakistan Textile Mills Association, claimed that while industrial development was observed under the previous administration’s rule after the 1960s, rising inflation is currently having a negative impact on all sectors.

Hamid Zaman said, “We had to increase exports and it was because of the subsidies we were getting,” during the Special Budget transmission on ARY News. When we export locally produced goods, the deficit would be lower, he claimed.

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