They termed the suspension of gas as well as electricity to industry as black day in the economic history of Pakistan. The power supply was suspended to the industry across the province for indefinite period while 80 percent of the industrial units are already deprived of gas for the last many days, they said. Only in Faisalabad, electricity supply was suspended to 450 factories, they added.
They said that the government had made dozens of commitments to the industry during last one month but none was fulfilled, they said and urged the government to take concrete steps to bring the industry out of the crisis. Bangladesh is presently exporting textile goods worth US $30 billion annually without producing a single bale of cotton. Despite producing 16 million cotton bales, Pakistan's textile exports which are about US $12 billion are in danger owing to energy crisis, they said.
They added the country has the potential of exporting up to $32b textile goods, as it is producing around 16 million cotton bales he pointed out. The FPCCI leaders said the province might turn to be a very big graveyard of industry due to unavailability of energy, mismanagement and bad governance.