The high cost of energy as well as power loadshedding have led to the closure of at least 50 steel melting units alone in Lahore and Gujranwala, resulting into the total loss of Rs 975.5 million per month to the government.
Chairman of the Steel Melters Association Mian Saeed claimed that 50 units are closed in Lahore and Gujranwala which means 50 million electricity units are not being consumed due to closure of these furnaces.
Chairman Punjab APTMA S M Tanveer has also said that the Punjab-based textile industry on independent feeders is facing six to eight hours of electricity load shedding, resulting into one-shift closure. He apprehended that if industry is not provided with uninterrupted electricity supply, mills would be constraint to opt complete closure of their operations.
