Sialkot, February 28, 2020 (PPI-OT): Mr. Muhammad Ashraf Malik, President Sialkot Chamber, in his press statement hailed the decision of the Federal Government to provide the zero-rated industries, including textiles, with electricity at an all-inclusive rate of 7.5 cents per unit (kWh) and gas at $6.5 per unit (million British thermal unit or mmBtu) until June 30 this year.
While commenting on the news published on February 27, 2020, the President Chamber said that the facility would allow the Export Oriented Sectors to utilize their capacities to the maximum and would be able to secure Export Orders after getting competitive internationally.
Mr. Malik urged the Government for issuance of the notification at the earliest to provide the facility to the Export Oriented Sectors including the Textiles, Sports, Surgical, Leather and Carpets. The President Chamber also stressed that in order to achieve the vision of the Prime Minister, the Government should extend the facility beyond June 30, 2020 and allow the subsidy to the Exporters in Energy Tariffs for at least 3 years.
For more information, contact:
Sialkot Chamber of Commerce and Industry (SCCI)
Shahrah-e-Aiwan-e-Sanat-o-Tijarat, Sialkot – 51310, Pakistan
Fax: +92-52-4268835, +92-52-4267919
Category: General Business News