Petroleum products

Petroleum products, electricity and gas prices rise, Faisalabad industrialists announce to take to the streets with millions of workers

Why doesn’t the government cut government spending and MPs’ salaries to meet the IMF’s needs? Why do people and industrialists always have to bear this burden? Faisalabad industrialists have rejected the government’s move regarding industries including prices of petroleum products, electricity and gas, saying that increase in prices of petroleum products and electricity has led to closure of textile units.

Addressing a press conference along with officials from various sectors of the industry, the chairman of Pakistan Hosiery Manufacturers and Exporters Association said that timely action of PTI not only kept our industry afloat in the days of Corona epidemic but also its Orders also increased.

Happen He said that this was the time when industries in Bangladesh, India and Vietnam were closed due to lockdown. Due to which Pakistan has managed to regain its place in the world markets and we are getting more Admirals but due to the policies of the present government it has not been possible for us to run the industry. “The government has ignored us in the budget,” he said.

Government policies

Government policies are destroying the industry. He said that electricity and gas rates of Punjab and Karachi were being double. We pay the bill. He said that similarly the price of subsidy given to fertilizer factories is being collecte from us. He asked how the industrialists would bear the burden of incompetence of the government.

The exporter mafia wanted the industry to shut down as before and to make its exports shine by making millions of workers unemployed. If the industry shuts down, we will be on the streets with our workers because we have no other choice. In the days when the country was earning foreign exchange, Bangladesh, Vietnam and India were close.

We took advantage of the smart lockdown policy. He said that under the fast track policy of the previous government we got our withheld concessional funds for 11 years which we invested in business and Pakistan’s hosiery industry got back on its feet. The present government is continuing to abolish the fast track policy which was formulated under the textile policy which helped the industry by fixing electricity prices.

He said that due to load shedding, the industry is going to run on three times more expensive fuel. Similarly, the increase in interest rates is nonetheless friendly to traders. He said that the government was going to shut down the industry to meet the conditions of IMF. Why doesn’t the government cut government spending and MPs‘ salaries to meet the IMF’s needs? Why does this burden always fall on the people and the industrialists?