Islamabad: Advisor to the Prime Minister (PM) on Commerce & Investment Abdul Razzaq Dawood on Wednesday announced the government’s decision to increase the electricity tariff for five former zero-rated industries, a news source reported. He revealed the proposed rates to be 7.5 c/kWh for July and August and 9 c/kWh from September onwards.
The decision came during a meeting of the ministries of commerce, finance, and energy. Dawood stated that in light of the coronavirus pandemic, the Ministry of Commerce had obtained a ‘very good’ electricity tariff for the exporters. He added that following the resumption of business activities in the country, the exporters should now focus on boosting exports.
According to the details shared, government officials would present the proposed power rates for the industries to Economic Coordination Committee (ECC) of the Cabinet for its approval.
In March this year, the government had announced a special electricity tariff of 7.5 cents per unit for the five former zero-rated industries; including surgical goods, sports, leather, carpets, and textile.