KARACHI: Businessmen on Saturday warned the government to move the Supreme Court against shutting off gas supply to captive power plants, saying the decision was against business.
In a joint statement, the Karachi Chamber of Commerce and Industry and the Pakistan April Forum said that if the gas was cut off, the industrialists should apply to the court for Article 199 of the Constitution and to protect their legal rights and legitimate businesses. Have legitimate rights.
KCCI President Sharq Vohra, Pakistan April Forum Chairman Javed Balwani and Businessmen Group Chairman Zubair Motiwala also termed the decision to increase electricity tariffs as ‘unwise and illegitimate’, which destroyed export industries. All efforts are being made to increase sabotage exports.
He said it was not the right time to impose rulings against trade and anti-exports as exports, especially textile exports, were picking up speed and exporters had booked a significant number of orders.
Traders said the decision was unilateral and all stakeholders were taken aboard. He said that the government should realize that the decisions would be in favor of only those competitors who would take advantage of the situation by trying to transfer all the orders received from Pakistani exporters to the respective countries.
The traders said the government had to decide whether it was in the wider interest of the country and Karachi to deprive the city’s more than 4,500 domestic industries of the gas they deserved. The government will be responsible for Karachi’s industries and holidays, huge financial losses to industrialists, loss of revenue, which will create uncertainty, chaos and law and order situation.
When the discovery of gas was discovered in the country, these industries were the first / professional gas consumers while it is ironic that in the past the industries of Karachi have been constantly hunted down and their deserved share of electricity Was also given.
The KCCI and the Pakistan April Forum also questioned why the government had allowed K Electric to set up a plant to generate electricity from gas without signing a gas sale agreement in the past. The country has been facing severe gas shortages for the last 10-15 years. The government has banned new industrial gas connections since 2011, while providing domestic gas connections and supplying gas to KE.