ISLAMABAD:
The All Pakistan Textile Mills Association (APTMA) has called for the immediate implementation of the decision to set the power tariff for industrial consumers at 9 cents per KWh, aligning it with regional competitors. The government, in collaboration with the SIFC), had previously announced the removal of cross subsidies, aiming to enhance the competitiveness of industries.
Read Power tariff hike to dent trade, industry
In a statement, APTMA stressed the urgency of this structural reform, asserting its significance in restoring Pakistan’s competitiveness in international markets. The 9 cents per KWh tariff is expected to invigorate industrial consumption, offset revenue losses through increased consumption, and curb the escalation of circular debt, addressing a persistent challenge despite recent energy price hikes. It underscored that a reduction to 9 cents per KWh is not merely about restoring industrial competitiveness but about revitalising Pakistan’s economy.
Published in The Express Tribune, January 23rd, 2024.
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