KARACHI: Pakistan Yarn Merchant Association (PYMA) has expressed fear cancellation of export orders due to non-production after suspension of gas to industries.
Saqib Naseem, Central Chairman PYMA, Junaid Teli, Vice Chairman PYMA, have expressed deep concern over non-supply of gas to industries and appealed to Prime Minister, Imran Khan, Minister Energy, Hammad Azhar and Adviser Trade & Investment, Abdul Razzak Dawood to restore gas supply to Karachi’s industries, so that the industries may be prevent from catastrophe.
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In an appeal, PYMA office-bearers said that steps should be taken to get the yarn industry out of crisis otherwise all the industries will be ruined.
They said: “The suspension of gas supply to export-oriented, general industries, SMEs, has severely affected production activities, which has caused great frustration to exporters and they are worried that if the gas is not restored at full pressure as per the demand of the industries then how will they fulfil the foreign orders in time.”
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They drew officials that if exporters fail to deliver export shipments as promised, there are fears of massive cancellation of export orders. “As a result, exporters will face huge financial losses as well as a huge negative impact on domestic exports.”
Saqib Naseem and Junaid Teli appealed to Prime Minister, Imran Khan, Minister Energy, Hammad Azhar and Adviser Trade & Investment, Abdul Razzak Dawood to resolve the gas crisis and a policy should be formulated for taking the industrialists of Karachi out of serious crisis, so that the wheel of industries running smoothly and the country’s economy can be strengthened and the country’s exports can be increased also.
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PYMA office-bearers warn the government that if the gas is not restored immediately then industries will be locked up and unemployment will flood. With the sharp decline in our exports, our dependence on imports will increase, which is contrary to the vision of Prime Minister Imran Khan.
Therefore, to make it easy to run the industries to fulfil the vision of the Prime Minister. In order to create more industries and create more employment opportunities and by promoting exports, the country can move faster on the path of economic development.
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