APTMA seeks extension in last date of electricity bills

 

LAHORE – All Pakistan Textile Mills Association (APTMA) on Saturday sought an extension in the last date of payment of the industry’s electricity bills from September 21 to 30.

Addressing a press conference here at APTMA House, the Association’s Punjab Chairman Seth Muhammad Akbar said that the electricity distribution companies are allowed to extend the due date of the electricity bills date for 10 days. The current electricity bills have cost Rs 18 per unit to each textile mill in the Punjab, which is double to the Association’s demand of Rs 9 per unit electricity tariff.

He said that the cost was a major component of the high cost of doing business for the textile industry in the Punjab. “The textile industry sale of yarn has come to a halt because of the ongoing strike of the sizing industry in Faisalabad and the mills are unable to pay salaries to their staff,” he said.

Seth Akbar said that there was a severe shortage cash flow in the Punjab-based textile industry because of the adverse business circumstances and that the Punjab-based textile industry was facing a crisis. He urged the government to announce the textile industry relief package before the Eid. “It will be a gift by the government to the people of Pakistan,” he said.

On this occasion, the APTMA senior leader Shahid Mazhar cited that a textile mill was paying Rs 6.5 million electricity bill on an average in 2007 at Rs 4.30 per unit, which has now reached to Rs 27 million because of high tariff of electricity.

 

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