Karachi: The exporters community has asked the government to extend the concessions on utilities for the next three years in view of the international competition that has grown since the country first imposed its coronavirus lockdown restrictions (along with the consequent socioeconomic struggles that followed) — a news source reported on Wednesday (July 8).
The Federal Board of Revenue (FBR), on the recommendations of the Ministry of Textile, was offering concessionary rates of 7.5 cents per kilowatt-hour (kWh) for electricity and $6.5 per million British thermal units (mmbtu) for re-gasified liquefied natural gas (RLNG). However, the facility expired on June 30.
The exporters have contended that if the facility is not renewed and extended for the next three years, it may have a disastrous impact on exports. Towel Manufacturers Association of Pakistan (TMA) Chairman Tahi Jahangir wrote a letter to the Adviser to Prime Minister on Commerce Abdul Razak Dawood on the matter.