Excessive energy prices lead to shutdown of Punjab’s textile industry
According to Pakistan’s “Express Forum” report on December 16, the All Pakistan Textile Industry Association (APTMA) recently issued a statement stating that due to excessive natural gas and electricity prices, the textile industry in Punjab is facing a complete shutdown. At the same time, it said that the province’s energy Prices are much higher than in other regions, adding an additional 70 billion rupees of debt burden to businesses in the province every year.
At present, the total electricity demand of the province’s textile industry is about 1,400 megawatts, but the power supply price is as high as 11 rupees/kWh, which is much higher than 5 rupees/kWh in other regions. The association calls for lowering the price of electricity for the national textile industry. to 7 rupees/degree; in terms of natural gas, due to the improvement in LNG supply across the country, the government is called on to reduce the gas supply price to 400 rupees/million British thermal units to reduce business operating costs. Previously, the National Economic Coordination Committee (ECC) of the Pakistani cabinet passed a resolution to maintain existing natural gas supply prices unchanged, causing dissatisfaction in the industry. Excessive energy prices lead to shutdown of Punjab’s textile industry
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