Export Units Join Nationwide Strike in Response to Unmet Commitments
In a decisive move echoing throughout the industrial landscape, both small and large-scale enterprises in Karachi have ceased operations today. The catalyst for this unprecedented shutdown is the ongoing protest against soaring gas prices, with repercussions extending to export-oriented units.
Gas Price Hike Sparks Nationwide Outcry
The heart of the issue lies in the extraordinary surge in gas prices and unfulfilled promises of reducing electricity rates despite increased consumption. The cumulative frustration has manifested in a city-wide strike, with banners adorning industrial zones, signifying a collective stand against the adverse economic conditions.
Export Units Grind to a Halt
Adding weight to the protest, export-oriented units have actively joined the fray. The surge in gas prices has rendered their operations economically unviable, prompting a united front against what industry insiders describe as a severe blow to their competitiveness on the global stage.
Downsizing Initiatives and Dwindling Orders
Industry stalwart Javed Bilwani reports a concerning development within factories as downsizing initiatives have been initiated. The lack of new orders is exacerbating the economic strain, posing a threat to the livelihoods of countless workers in these industrial units.
Central Protest and Strikes Unveiled
In response to the crisis, the Site Association has announced a central protest, scheduled to take place at noon. Collaborating with the Karachi Chamber, this demonstration aims to voice the collective concerns of the industrial sector. The protest begins with a one-day strike, serving as a precursor to additional phases that will announced subsequently.
As Karachi grapples with the economic fallout from the surge in gas prices, the unity displayed by the industrial sector underscores the urgency for policymakers to address these concerns and pave the way for a sustainable and thriving business environment.
