Revised approach on power tariff helps textile industry, Karachiites.

Byline: Khalil Ahmed

Interview with Mr Ahmed Chinoy (H.I.S.I) - Chairman, Pakistan Cloth Merchants Association

Profile:

Mr Ahmed Chinoy is a businessman by profession and social activist by nature. Being in his profession for over 25 years with a vast experience and knowledge, he is associated with the textile industry since the beginning of his career. He is also heading Pakistan Cloth Merchants Association, an organization looking after the trade regulations with regards to textiles in the country. His business has diversified into more categories that are Construction Development, Project Management and Controlled Poultry Farms. He has served as the CPLC Chief for over 6 years and is associated with multiple NGOs working for the betterment of the country in different fields such as health, law and order situation, education and other departments. This work has led him to be the recipient of two highly prestigious National Awards: Sitara-e-Imtiaz and Hilal-e-Imtiaz. He is currently serving as the Director of Pakistan Stock Exchange.

PAKISTAN and GULF ECONOMIST had an exclusive conversation with Mr Ahmed Chinoy regarding the current state of the economy. Following are the excerpts of the conversation:

I request the Prime Minister and the Economic Coordination Committee for revised power tariff for Karachi. We know that due to COVID-19, the textile industry and other industries in Pakistan are facing economic crises. Due to COVID pandemic the domestic industry is still facing cash flow crisis. The small and medium industries, the main providers of jobs, are still struggling because of lack of funds.

The August exports declined 20 percent due to various holidays in this month and also due to the heavy rains in the country. The rains...