Pakistan Industrial and Traders Associations Front welcomes Prime Minister’s decision to form a high-level committee to address issue of load shedding for textile sector

Lahore, April 21, 2014 (PPI-OT):

Pakistan Industrial and Traders Associations Front (PIAF)

Prime Minister Nawaz Sharif’s decision to form a high-level committee to address the issue of load shedding for textile sector and hoped that committee would address the issue of load shedding on priority basis that was hampering the growth of industrial sector in general and textile sector in particular.

In a press statement issued here Monday, Chairman PIAF Malik Tahir Javed said that it was a good omen that Mian Nawaz Sharif was well aware with gravity of situation and formed a 5-member committee consisting Federal Finance Minister Ishaq Dar, Federal Commerce Minister Khurram Dastaghir, Federal Textile Minister Abbas Khan Afridi, Federal Minister for Water and Power Khuwaja Asif and Federal Minister for Petroleum and Gas Shahid Khaqan Abbasi.

Malik Tahir Javed said that energy crisis remains to be the bane of the industry and it had previously brought industrial sector to a halt. He said that at a time when Textile sector should take full advantage of Generalised System of Preferences (GSP), industrialists are facing a threat of closure of spinning and weaving units due to aweful load shedding that could result in millions of people rendered jobless.

Chairman PIAF said that formation of committee was a step in right direction and it would resolve the pressing of load shedding which is the main hurdle in achieveing the targets set for current financial year. He said that government should ensure uninterrupted electricity and gas supply to all industrial sectors to get required economic growth target.

Malik Tahir Javea also lauded the efforts of Chairman Trade Development Authority of Pakistan (TDAP) S.M. Muneer who invited the government’s attention towards the severe issue of energy crisis and played a significant role in formation of committee.

For more information, Contact:
Khalil-ur-Rehman
Pakistan Industrial and Traders Associations Front
110/s Kot Lakhpat Industrial Estate
Lahore, Pakistan
Phone: (92) 42 5123522
Fax: (92) 42 5123522
Email: Info@piaf.pk

The post Pakistan Industrial and Traders Associations Front welcomes Prime Minister’s decision to form a high-level committee to address issue of load shedding for textile sector appeared first on Business News Pakistan.

The post Pakistan Industrial and Traders Associations Front welcomes Prime Minister’s decision to form a high-level committee to address issue of load shedding for textile sector appeared first on AsiaNet-Pakistan.

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