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FPCCI says industrial power tariff must fall below 9 cents for all to boost exports
Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), acknowledged the government’s reduction of the industrial electricity tariff from 16 cents to 12 cents per unit over the last two years. He said that a further reduction to below 9 cents, extended to all industrial consumers, is the way to raise exports and reduce imports. In a statement released on Saturday, Sheikh cautioned that the 12-cent rate and selective schemes are temporary fixes, and that only a uniform reduction for all industry, including B3 and B4, can lift exports and cut impor...
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