Electricity: ICCI hails move to cut power tariff
ICCI President said it was a good opportunity for the government to provide sufficient relief to business and industry
ISLAMABAD:
Islamabad Chamber of Commerce and Industry (ICCI) on Tuesday welcomed the move of Prime Minister Muhammad Nawaz Sharif to announce a cut of Rs3 in per unit tariff of electricity for industrial consumers. The ICCI termed it a highly positive development as it would provide relief to the industrial sector, bring down production cost and help in improving exports of the country. According to a study, power tariffs for the industry in Pakistan were more than 10 cents per KWh as compared to 5.4 in Bangladesh, 9.3 in Nepal and 9.1 in Sri Lanka, said ICCI President Atif Ikram Sheikh. He said Pakistan was generating about 35% electricity through furnace oil while price of crude oil in international market has come down to below $37 per barrel. He said it was a good opportunity for the government to provide sufficient relief to business and industry.
Published in The Express Tribune, December 30th, 2015.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ