KARACHI: The country’s exports are facing an everyday loss of $44 million due to the suspension of gas supply to export-oriented devices by the Sui Southern Gas Firm Ltd (SSGCL) given that June 11, the Federation of Pakistan Chambers of Business and also Market (FPCCI) said on Friday.
In a letter addressed to Federal Priest of Power Hammad Azhar, FPCCI Head Of State Mian Nasser Hyatt Magoo stated the market was faced with termination of orders as well as hold-up in shipments as a result of the suspension of gas supply.
“Exporters remain in a repair owing to the high products charges of $8,400 per 4 feet container for delivery to the United States while the exact same delivery by air prices $93,000 which amounts to the total cost of stated consignment of 40 feet container,” he claimed.
In this circumstance, exporters are dealing with enormous monetary losses which might cause the closure of sectors and also huge workers’ layoff, the FPCCI chief alerted.
“The supply of gas to industries has been switched off for yearly turn-around (ATA) of Kunnar Passaki Field. Previously, such gas disturbance was attributed to the ATA of the Gambat Gas Area.
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The ATA as well as upkeep of gas areas must have been connected to the industries 6 months back,” he said.
The FPCCI chief highlighted that Karachi added about 60 per cent to the country’s exports. “Under the existing circumstance if 10pc exports from Karachi are impacted, after that this would cause a 5pc drop in nationwide exports,” he said.
The SSGCL must have prevented ATA of gas areas in functioning days and this ought to have been started during Eid vacations when there is no industrial use of gas, he included.
The FPCCI head of state examined why such gas closures consistently happened in Karachi every three to four months.