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  • Dec 7th, 2012
  • Comments Off on PSRMA rejects reduction in gas supply to industry
Pakistan Steel Re-Rolling Mills Association (PSRMA) has rejected the massive reduction in gas supply to the re-rolling industry and said that it would prove last nail in the coffin as only 2-day gas supply would force the millers to close down their operations.

In a press statement issued here on Thursday, the Vice Chairman Pakistan Steel Re-Rolling Mills Association Mian Murad Ashraf said that there is no logic of gas suspension to the Steel Re-Rolling Mills as a large number of CNG stations are closed. He said that 5-day gas load shedding for steel re-rolling mills would also badly affect the dependent industries of steel sector include agriculture, implement, surgical instruments, tractor spare parts, power looms, sewing machine, electric fans appliances, light engineering, housing and construction whom raw material is being provided by the re-rolling industry.

He said that we are running industry in the Punjab since 1947 and being an industrialist no concern with politics or provincialism but sorry to say our industry in Punjab is facing the element of discrimination in gas supply when whole Pakistan is benefited with the products being manufactured in Punjab then distribution of gas supply must be in accordance with the size of industry and not according to the area of a province. Our industry is paying revenue to the Federation of Pakistan as such protection of our rights is the responsibility of Federation of Pakistan. Mian Murad Ashraf said that furnace oil is an expensive choice and would result in hike of prices of all the steel products.

Copyright Business Recorder, 2012


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