AIRLINK 72.18 Increased By ▲ 0.49 (0.68%)
BOP 4.93 Decreased By ▼ -0.07 (-1.4%)
CNERGY 4.35 Decreased By ▼ -0.04 (-0.91%)
DFML 28.49 Decreased By ▼ -0.06 (-0.21%)
DGKC 81.30 Decreased By ▼ -1.10 (-1.33%)
FCCL 21.50 Decreased By ▼ -0.45 (-2.05%)
FFBL 33.05 Decreased By ▼ -1.10 (-3.22%)
FFL 9.86 Decreased By ▼ -0.22 (-2.18%)
GGL 10.48 Increased By ▲ 0.36 (3.56%)
HBL 114.00 Increased By ▲ 1.00 (0.88%)
HUBC 140.00 Decreased By ▼ -0.50 (-0.36%)
HUMNL 9.03 Increased By ▲ 1.00 (12.45%)
KEL 4.73 Increased By ▲ 0.35 (7.99%)
KOSM 4.38 Decreased By ▼ -0.12 (-2.67%)
MLCF 37.65 Decreased By ▼ -0.36 (-0.95%)
OGDC 133.70 Decreased By ▼ -0.99 (-0.74%)
PAEL 25.60 Decreased By ▼ -1.02 (-3.83%)
PIAA 23.98 Decreased By ▼ -1.42 (-5.59%)
PIBTL 6.48 Decreased By ▼ -0.07 (-1.07%)
PPL 122.62 Increased By ▲ 0.67 (0.55%)
PRL 27.07 Decreased By ▼ -0.66 (-2.38%)
PTC 13.60 Decreased By ▼ -0.20 (-1.45%)
SEARL 56.62 Increased By ▲ 1.73 (3.15%)
SNGP 69.24 Decreased By ▼ -0.46 (-0.66%)
SSGC 10.34 Decreased By ▼ -0.06 (-0.58%)
TELE 8.45 Decreased By ▼ -0.05 (-0.59%)
TPLP 11.28 Increased By ▲ 0.33 (3.01%)
TRG 61.21 Increased By ▲ 0.31 (0.51%)
UNITY 25.33 Increased By ▲ 0.11 (0.44%)
WTL 1.50 Increased By ▲ 0.22 (17.19%)
BR100 7,630 Decreased By -8.3 (-0.11%)
BR30 24,990 Increased By 18.4 (0.07%)
KSE100 72,602 Decreased By -159.4 (-0.22%)
KSE30 23,539 Decreased By -86.6 (-0.37%)
Print Print 2020-03-27

Electricity tariff: APTMA Punjab chief for issuance of notification

The All Pakistan Textile Mills Association (APTMA) Punjab Chairman Adil Bashir has urged the government to immediately notify the already approved electricity tariff of 7.5 cents per kWh in order to avoid the negative impact of COVID-19 on the textile ind
Published 27 Mar, 2020 12:00am

The All Pakistan Textile Mills Association (APTMA) Punjab Chairman Adil Bashir has urged the government to immediately notify the already approved electricity tariff of 7.5 cents per kWh in order to avoid the negative impact of COVID-19 on the textile industry.
He said the Economic Coordinating Committee has approved on 11th March that the five export sectors would be provided electricity at an all-inclusive rate of 7.5 US cent per kWh from January 1, 2019 to June 30, 2020, and all the applicable taxes issued from January 1, 2019 till date, which included surcharges, quarterly adjustments, and fuel price adjustments, financial cost surcharge and Neelum-Jhelum Surcharge, will be adjusted and considered as withdrawn.
Meanwhile, Prime Minister Imran Khan had also assured of freezing the tariff to provide relief to the electricity consumers.
However, he pointed out that the textile industry is facing problem in payment of bills, as the electricity distribution companies (DISCOs) are issuing provisional bills while deferring the surcharges in the absence of notification.
According to him, the textile industry is already in disarray because of the cancellation of export orders from around the world on the one hand and the heavy burden of the salaries of factory workers on the other.

Copyright Business Recorder, 2020

Comments

Comments are closed.