TSML protests delay in implementation of gas tariff


KARACHI: Employees of Tuwairqi Steel Mills Limited (TSML) held a protest demonstration outside the Karachi Press Club here on Thursday against government for not providing natural gas at agreed tariff.

The protesters, carrying placards and banners, raised slogans for their rights. Addressing the protesters, Captain Zahid said a Saudi group came forward with an immediate investment plan of $ 340 million in shape of first high tech mega module direct reduction iron plant. Resultantly, the construction of plant started in 2006 which was inaugurated by ex-Prime Minister of Pakistan and almost 8000 workers were engaged in this plant but the plant came into crisis because of non-compliance of agreed tariff of the gas by the government.

He said the case was moved to ECC by the Board of Investment to discuss thoroughly by all top financial governors of Pakistan, however, it remained pending despite continuous perusals. He said being supported by all leading secretarats of ECC the decision of TSML is held.

Zahid said 1100 employees and their families are directly were being affected by this pending decision, who may lose their jobs after 1 February 2015 deadline given by Saudi company.

He said: “If the plant is shift to Saudi Arabia or some other country then all the future investment would be directly affected.”

He said they are about to become jobless because of delay in decision. He said they had been working since decades and now they were under great socio-economic pressure due to non-compliance of government to agreed gas tariff.

The protesters demanded of President, Governor Sindh, Chief Minister Sindh, Federal Minister for Finance and Board of Investment to help resolve the issue for the good of employees and their children.

The post TSML protests delay in implementation of gas tariff appeared first on Pakistan Press International.

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