He urged the government to pass on the impact of falling oil prices to the textile industry to help revive the shut units and attract investment in the textile sector of Pakistan.
The present weighted average net of fuel price adjustment tariff for industry is Rs 12 per unit. Saud said that the supply of electricity at tariff less than Rs 9 per unit will be beneficial to the textile industry.
He further stressed that the high cost of doing business is affecting the textile industry in Pakistan, especially large parts in Punjab, which are dependent on electricity supply. The rise in tariff has resulted into closure of textile units, drop in exports, and consequent unemployment in the sector. (HO)
Fibre2fashion News Desk - India
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