LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) has urged the government to withdraw massive increase in gas prices as it would be disastrous for major export earning sectors including textiles.
In a statement issued here Friday, the PIAF Chairman Malik Tahir Javed and Senior Vice Chairman Khamis Saeed Butt said that the government has no justification for making tariff hike in the wake of irritating energy crisis and high electricity rates. The industrial productions are already at its lowest ebb and any further increase in gas prices is bound to cause irreparable loss to the overall economy therefore, it would be wiser to withdraw the recent hike.
They said that if the input cost for doing business in Pakistan would be higher than that of neighbouring countries, who would convince the foreign investors to put their money in any new venture in Pakistan.
They said that acute power shortage had already pushed the industrial sector to the wall and a large number of industrial workers had lost their jobs, the government therefore should avoid taking any anti-industry step.
They out-rightly rejected the increase in gas tariff and said that it would be better if the gas companies control line losses, introduce efficiency in their system and control gas theft.
They urged the Prime Minister Mian Nawaz Sharif and Chief Minister Punjab Mian Shahbaz Sharif to look into the matter and stop OGRA from making any further increase in gas tariff. They also demanded early completion of Pak-Iran Gas Pipeline Project at the earliest.
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