KARACHI - All Pakistan Textile Mills Association Sindh Baluchistan Region has strongly condemn the announcement of increase in electricity prices up to 70pc by the Government and urged to withdraw the rise in electricity tariff.
According to the spokesman, the recent hike in electricity tariff would make textile export costlier and render Pakistani textile exports uncompetitive in the international market. Subsequently, India, China and Bangladesh would capture markets presently dominated by Pakistani exporters.
This increase will mostly benefit Indian textile industry at the cost of Pakistani textile industry as their products would become more attractive in the international market.
He suggested the government that before making any dramatic changes in the electricity prices, the stakeholders of the industry should have been taken into confidence and engaged to workout the electricity tariff.
APTMA spokesman stated that the government is not in a position to provide uninterrupted power and gas supply to the industry due to which industry is facing increase in cost as a result of less than capacity output and now such a hefty tariff increase cannot be justified.