Industrialists, traders join forces to thwart gas suspension plan
Business
January 26, 2021
KARACHI: Industrialists and traders joined forces to voice concerns on Monday over the government’s decision to suspend gas supply to industries without making any alternative arrangement.
Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Employers Federation of Pakistan, Karachi Chamber of Commerce and Industry (KCCI), and other trade bodies from across the country held a joint press conference at the FPCCI House to condemn the government’s decision to suspend gas supply to general industry from February 1 and to export-oriented industry from March 1.
“Closing gas supply to industries means closing of industry,” said Zubair Motiwala, chairman of Businessmen Group (BMG). “If government wants this it should be ready for unrest and anarchy.”
Covid 19 coronavirus: 14 close contacts of Northland community case test negative
25 Jan, 2021 09:47 PM
9 minutes to read
• Covid-19 has now claimed 2.13 million lives worldwide, with a total of 99.3m cases.
• Meanwhile NZ health officials are investigating a case of the virus in the community - a woman, 56, who was infected in a managed isolation facility with the South African strain.
• Australia swiftly halted its travel bubble with NZ after news of the latest case.
Three more close contacts are still waiting for test results.
It follows Hipkins yesterday announcing that two close contacts of the case, her husband and hairdresser, were negative.
What President Biden s 60-day pause on oil means for New Mexico
For the next 60 days, new oil and gas leasing and drilling permits on public lands are on hold. Share Updated: 9:12 AM MST Jan 25, 2021
What President Biden s 60-day pause on oil means for New Mexico
For the next 60 days, new oil and gas leasing and drilling permits on public lands are on hold. Share Updated: 9:12 AM MST Jan 25, 2021
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Show Transcript ACTION 7 NEWS REPORTER SHELLYE LEGGETT HAS MORE ON HOW THIS IS AFFECTING NEW MEXICANS. SHELLY FOR THE NEXT 60 DAYS, NEW OIL AND GAS LEASING AND DRILLING PERMITS ON PUBLIC LANDS ARE ON HOLD. THE INDUSTRY IS STARTING TO SEE SOME POSITIVE SIGNS IN TERMS OF THE RECOVERY. SHELLYE: THE DECISION HAS SENT SHOCKWAVES THROUGH THE INDUSTRY IN NEW MEXICO. I DON’T SEE HOW IT WON’T HAVE A MAJOR IMPACT ON THE STATE FROM AN ECONOMIC PERSPECTIVE. SHELLYE: LEADERS WITH THE NEW MEXICO OIL AND GAS ASSOCIATION SAY TWO YEARS AGO, THE S
Businessmen warn to move court against gas suspension
Business
January 24, 2021
KARACHI: Businessmen on Saturday warned the government of moving the court of law against the shutdown of gas supply to captive power plants, saying the decision is anti-business.
In a joint statement, Karachi Chamber of Commerce and Industry and Pakistan Apparel Forum said if the gas is discontinued the industrialists reserve legitimate rights to invoke Article 199 of the constitution and approach the court of law to safeguard their lawful rights and legitimate businesses.
KCCI President Shariq Vohra, Pakistan Apparel Forum Chairman Jawed Bilwani and Businessmen Group Chairman Zubair Motiwala also termed the decision of electricity tariff hike as âunwise and ill-timedâ, which will devastate export-oriented industries, disturb local production of general industries, sabotage all the efforts being made to enhance exports.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will ha