KATI Strongly Opposes Gas Price Surge.
KARACHI: President of the Korangi Association of Trade and Industry (KATI), Johar Qandhari, vehemently
rejected the recent surge in gas prices, asserting that this decision poses a severe threat to the industrial
sector, potentially leading to increased unemployment. Qandhari expressed concern over the already
elevated production costs in the region, rendering industrialists less competitive compared to their
counterparts in neighboring countries.
Highlighting the industry’s prior demand for a reduction in gas prices from Rs 2100 to Rs 1800 per
MMBTU, Qandhari underscored that the recent government decision to raise prices to Rs 2700 to Rs
2900 per MMBTU intensifies the challenges faced by the industrial sector.
President KATI warned that the continued escalation of gas prices could result in the closure of
numerous industries, amplifying unemployment rates and diminishing Pakistan’s export capabilities.
Qandhari urgently appealed to the government to reverse this decision promptly and establish a fixed
gas price of Rs 1800 per MMBTU for industries.
Emphasizing the need for the government to explore and provide affordable energy alternatives for the
industry, Qandhari stressed that such measures are crucial for ensuring the competitiveness of Pakistani
products in the global market.
As the industrial sector grapples with the ramifications of the gas price hike, President Johar Qandhari’s
stance advocates for the preservation of industrial stability and the prevention of potential economic
setbacks for Pakistan.
