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SNGPL to restore 25pc gas supply to textile industry from Feb 1

The Sui Northern Gas Pipelines Limited (SNGPL) has agreed to restore 25 percent gas supply to the textile industry with effect from February 1, according to a statement.

It has been decided in the meeting of the management of the All Pakistan Textile Mills Association (Aptma) held on Saturday with Dr Asim Hussain, adviser to the prime minister on petroleum and natural resources, it said.

Aptma was represented by Ahsan Bahsir, chairman, Shahzad Ali Khan, chairman of Aptma Punjab, and Gohar Ejaz, group leader of Aptma, while Arif Hameed, managing director of SNGPL, assisted the adviser.

The gas supply to the industry remained suspended since December 5, 2012. The electricity supply was also disconnected by the ministry of water and power from December 22 to January 1, resulting in closure of around 40 percent of the installed capacity in Punjab, according to the statement.

Industry exports fell by $1 billion due to the energy crisis during the first six months of the current fiscal year. Even if the government ensures uninterrupted energy supply from now onwards, the industry still can touch $15 billion exports in the fiscal year, it said.

The industry has already achieved $6.5 billion exports in the first half of the current fiscal year and possesses the potential of exporting $1.5 billion textile products per month ahead to achieve remaining $8.5 billion exports.

This will have a positive contribution towards employment, production and the balance of payments, it said.

The industry has suffered, particularly in Punjab, heavily due to gas supply suspension from December 5 to-date and the electricity supply suspension from December 22 till January 1 until President Asif Ali Zardari directed the ministry of water and power to ensure 16 hours a day uninterrupted electricity supply to the mills in Punjab, it added.

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