Ministry denies shutdown reports

By News Desk
December 06, 2023

ISLAMABAD: Ministry of Industries and Production on Tuesday denied the recent claims of industrial closures reported by certain quarters, saying that the majority of industries in Karachi and other industrial zones of Sindh and Balochistan remain operational and fully committed to their productive activities.

The ministry said in a statement that the news, which states that approximately 90 percent of industries in seven industrial zones of Karachi and various trade bodies across Sindh and Balochistan have shut down in protest against higher gas tariffs, is misleading.

A worker operates a machine preparing fabric at the Kohinoor Textile Mills in Lahore on July 20, 2023. — AFP

"We have received information from reliable sources, indicating that the industrial operations are continuing without any significant disruptions," the statement said.

The ministry said it recognises the importance of a conducive business environment and values the concerns raised by the business community. However, it said that any perception of mass industry closures is not accurate.

"The government is in constant dialogue with various stakeholders, to address their concerns and find an amicable solution," the statement said.

The ministry assured the business community that their concerns are being thoroughly examined, and an inclusive approach is being adopted to ensure a fair resolution.

The ministry reiterated that the industrial landscape is dynamic, and the government is committed to fostering an environment conducive to sustainable growth. "Any reports suggesting widespread industry closures should be treated with caution, as they may not accurately reflect the current situation," the statement said.