Huge increase in electricity tariffs damaging to export industry: Pakistan Tanners Association

Lahore, August 06 2013 (PPI-OT): PTA Chairman Agha Saiddain while comments on recent decision of Federal Government for exorbitant increase in power tariffs said it will cause irreparable loss to our export sector. He said that increase in Electrical Tariffs B1, B2, and B3 is average 50% and Industry cannot sustain to this huge increase.

He said by this decision we have made all exportable items non competitive and the decision will bounce back with negative impact on our economy. He said the government should have taken into consideration the negative impacts of the decision on various sectors of our economy.

Like many other countries export sector should have been exempted from recent increase. He recommended lower tariffs for export industry to save our export. He further added the decision will have serious negative impact on our export industry which may result with monstrous gap in our balance of trade and balance of payments.

He recommended the federal government to revise the decision and special Electrical tariff may be announced for Export Sector.

For more information, contact:
Moinuddin Quraishi
Secretary
Pakistan Tanners Association
46-C, 21st Commercial Street,
Phase II, Extn., Defence Housing Authority,
Karachi-75500 –
Pakistan.
Tel: +92-21-35880180, 35880184, 35899819,
Fax: 92-21-35880093
Email: info@pakistantanners.org