Pakistan is facing an economic upheaval with an alarming 223% surge in gas tariffs within a single year, and the consequences are nothing short of a seismic. This abrupt rise in fuel costs has placed our indus­tries on the brink, endangering our foothold in the global marketplace. His plea is not an abstract one but is grounded in the dark reality of small industries facing an exponential increase in utility bills, climbing from Rs10 million to Rs30 million monthly. The 223% hike in gas tariffs has already resulted in a 30% capacity closure in textiles and apparel, with others teetering on the edge of extinction. Shaikhani decries the reduction in gas supply during Ramazan as a detrimental move that worsens challenges faced by in­dustries.

Source: The Nation March 13, 2024 18:12 UTC