RECORDER REPORT

FAISALABAD: Shortage of Hydrogen Peroxide (HP) would adversely affect the export of textile fabrics/garments and deprive the country of valuable foreign exchange to the tune of billions of rupees, besides closure of hundreds of textile industrial units, and would throw thousands upon thousands of wage-earners out of jobs.

This was stated by Saleem Parekh, central chairman of All Pakistan Textile Processing Mills Association (APTPMA), while expressing grave concern over artificial price hike and shortage of hydrogen Peroxide in local market.

He said the textile processors are major consumers of Hydrogen Peroxide. He also expressed with utter surprise and consternation that the local manufacturers of Hydrogen Peroxide (HP) have abruptly reduced the supply of Hydrogen Peroxide in the country which has created panic amongst our member units who are the one the major consumers of HP. This hasty step, which appears to have been taken at the behest of local manufacturers of this essential item of basic raw-material in the country, in gross contravention of the universally acclaimed norms of monopoly and cartels, is likely to cast devastating repercussions upon the overall national economy.

Due to shortage of Hydrogen Peroxide in the country APTPMA Chief, has sought permission from Ministry of Commerce to import Hydrogen Peroxide for textile industrial use on zero rated duty basis till time local supply is back to normal in terms of price and delivery.