Business
Gas crisis: All industries shut down in Karachi
Vice Chairman of Businessmen's Group, said that due to non-supply of gas, industrial production has been stopped,
Karachi: The industrialists in Karachi Monday shut down all industries in a cities as protest due to shortage of gas.
Due to the shortage of gas, industrial production is almost non-existent, therefore all the seven industrial zones established in Karachi were closed today in protest.
Javed Balwani, Vice Chairman of Businessmen's Group, said that due to non-supply of gas, industrial production has been stopped, therefore workers have been prohibited from coming to the factory.
It is pertinent to note that in recent days, industrialists in Pakistan's business hub, Karachi, had announced a complete shutdown of production to force the caretaker government to roll back the extraordinary increase in gas prices.
Businessmen have already displayed protest banners outside all trade associations demanding the government to fix gas rates at Rs1350 as approved by Oil and Gas Regulatory Authority (OGRA) instead of Rs2,100 to Rs2,600 per MMBtu.