Advisor to the Prime Minister on Commerce and Investment, Abdul Razzaq Dawood has announced that erstwhile five zero- rated industries will be given a rate of 7.5 c/kWh for July and August and 9c/kWh thereafter.
This was decided in a meeting held between the Ministries of Commerce, Finance and Energy.
Moreover, for gas, the rate will be $6.5 MMBtu throughout, he said.
“In the wake of COvid-19 pandemic, I feel that MOC has obtained a very good rate and now the exporters should concentrate on growth of our exports”, Dawood said.
In a meeting held today between the Ministries of Commerce, Finance and Energy, it was agreed that erstwhile 5 zero-rated industries will be given a rate of 7.5 ¢/kWh for July & August and 9 ¢/kWh thereafter. For gas, the rate will be $6.5/MMBtu throughout. 1/2 @ImranKhanPTI
— Abdul Razak Dawood (@razak_dawood) September 1, 2020
The government will present the proposal in the Economic Coordination Committee (ECC) of the Cabinet for approval, said an official.
Earlier in March this year, the government had extended a special electricity tariff at Cents 7.5 per unit to the five erstwhile zero-rated sectors i.e. textile, surgical goods, carpets, leather and sports goods. The government had decided to extend the special relief package at an all-inclusive rate of Cents 7.5 percent from July 1, 2019 to June 30, 2020.
The advisor also informed that a constructive meeting of the American Business Council was held with the Prime Minister, Imran Khan yesterday, where issues relating to Urdu labeling, pharma, mobile device manufacturing and transshipment of goods were discussed.
He said that all these matters were important and would be examined with the relevant stakeholders to bring them to closure.