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Economy

Punjab textile millers demand power tariff at Rs 8 per kwh

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LAHORE: All Pakistan Textile Mills Association (APTMA) Punjab Chairman Ali Pervaiz Malik on Tuesday demanded Rs 8 per kWh electricity tariff for the textile industry in Punjab and uninterrupted electricity supply during Ramazan.

Addressing a media conference after chairing the APTMA Punjab general body meeting attended by over 100 member mills from Lahore, Faisalabad and Multan here at APTMA House, he said that government should also continue with the relief of Rs 3 per unit under the Prime Minister’s Textile Industry package as Punjab industry was unable to operate on high energy price than other provinces.

The member mills raised industry concerns relating to the energy supply and affordability, adding that the mills would have to close down one and a half shift production, as labour would not be able to do Sehri and offer Taraweeh due to power outage in mills.

He said the Central Chairman APTMA Aamir Fayyaz and APTMA Group Leader Gohar Ejaz would lead a delegation of 50 textile millers for meeting with Finance Minister in Islamabad wherein issue of energy supply and affordability would be presented.

He apprehended, “Textile units on independent feeders will be forced to lay off workers due to the suspension of one shift production in case the government carried with observing load-shedding for industry in Ramazan.”

Ali Pervaiz expressed concern over trade deficit and said that only way forward for the government was to enable exporting industry to generate exportable surplus and earn precious foreign exchange to overcome trade deficit for current year.

The export growth achieved in the recent past would reverse if the potential to produce of the industry was disturbed due to 10 to 12 hours industry load-shedding, he added.

The per unit cost of the mills relying upon system gas and RLNG would shoot up to Rs 14 per unit as well, therefore, both the mills relying either on independent feeders or captive power plants would have to become further uncompetitive, he maintained.

APTMA Punjab Chairman demanded an immediate announcement of Prime Minister relief package to bring down electricity tariff from Rs 10.5 to Rs 8 per kWh, besides the system gas quota of 28 percent be enhanced to 50 percent so that high price of RLNG be reduced.

“The APTMA leadership will protect its members from all types of discrimination, as the industry cannot pass on cross-subsidy, inefficiencies and the financial cost of sales tax and duty drawbacks to its buyers in the international market,” said Gohar Ejaz.

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Asia

Pak-Iran train service restores in Chaghi

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CHAGHI: The Pakistan and Iran train services have been restored after completing the rescue activities here today.
According to the Railway sources, three days back the cargo train was de-tracked due to failing an engine resulting around 100 feet railway track was damaged in this incident.
After a hectic effort of the Railway department with several labor workers, the service of Railway reopened and track reconstructed in a short time period.

 

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Economy

PRs Rwp Division earns Rs 1587m

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Railways planning to sell around 10 commercial plots

RAWALPINDI: With continuous efforts and hard work of railways management, officers and workers, Pakistan Railways’ Rawalpindi Division earned over Rs 1587.960 million during last six months, 57.99 percent of total Rs 2738.285 million targets set for 2018-19.
Talking to APP Division Commercial Officer (DCO) Rawalpindi Hamid Farooq Qureshi informed that so many initiatives were taken by the management to improve the revenue of the Railways.
To a question he said, Pakistan Railways, Rawalpindi Division earned Rs 180.654 million through E-Ticketing facility during six months while during the 2017-18 financial year Rs 173.787 million revenue was generated.
The DCO informed that nearly three-year back the facility was re-launched in an effort to facilitate the passengers in booking their seats from anywhere in the country. Initially, the online system was introduced for the railways flagship train ‘Green Line Express’, besides five rail cars.
The E-ticketing facility is now available here for all passenger trains, he said adding, the online booking system has not only ended black marketing of tickets but also improved PR’s accounting system.
The PRs re-launched the E-ticketing system in collaboration with United Bank Limited. The passengers can pay for their tickets online via credit or debit cards, online bank transfers or microtransactions like UBL Omni, Easypaisa or Mobicash, he added.
With the digital ticketing system, the passengers can book and pay for tickets from the comfort of their home by using computers or mobile phones, he said. Moreover, the digital system has increased the seat capitalization for the railways and decrease chances of corruption.
Everything is being handled electronically so tickets can be booked quickly and efficiently with no human interaction, he replied to a question.
The division also completed a number of projects to improve security, upgrade its system and facilitate the passengers.
The DCO said the renovation projects of ladies and gents waiting rooms, toilets, booking office at Platform No. 1 & 2 of Rawalpindi Railway Station for Kohat Railcar passengers was completed during last financial year.
A construction project of Tarnol Railway Station with erecting new boundary wall and watch towers at Rawalpindi Railway Station, boundary wall with barbed wire fencing at Rawalpindi Railway Station approach road to ensure the security of the Railway Station was completed a few months ago.
Under a project, solar panels were installed at gate signals/lamps and station signals of the entire division, he said adding, no more procurement of Kerosene oil since last two years.
Rawalpindi Reservation office was completely renovated while major stations of the division were also upgraded. Seven un-manned Railway level crossings in the division were upgraded to Class-II manned level crossings on the main line.
He further informed that latest LED lights were installed to improve the lighting system in yards, stations, and Railway colonies. Security gadgets were provided to the Railway police and CCTV cameras were also installed at Rawalpindi Railway station to improve security arrangements.
State-of-the-art car parking and security system adopted with best arrangements made to facilitate the passengers and visitors at Rawalpindi Railway station, he informed.

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Economy

Arab economic summit opens in Beirut

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BEIRUT: An economic development summit kicked off in the Lebanese capital Beirut today. 
Organized by the Arab League, the summit is attended by only three Arab leaders; Lebanon’s Michel Aoun, Qatar’s Sheikh Tamim bin Hamad Al-Thani and Mohamed Ould Abdel Aziz of Mauritania.
Most Arab states are represented at the summit by delegations at the ambassadorial level. Syria, whose Arab League membership has been suspended since 2011, and Libya are not taking part in the meeting.  The last Arab economic summit was held in the Saudi capital Riyadh in 2013.

 

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