The Pakistani prime minister’s advisor for commerce, textile, industries and production Abdul Razak Dawood has assured textile mill owners to implement the Economic Coordination Council’s (ECC) decision on uniform energy rates for five zero-rated industries, including textiles, All Pakistan Textile Mills Association (APTMA) leader Gohar Ejaz said after meeting Dawood.
The textile sector in Sindh, Balochistan and Khyber Pakhtunkhwa provinces is dependent on natural gas for its energy needs while the same industry in Punjab is using Regasified Liquefied Natural Gas (RLNG), which is almost twice expensive.The Pakistani prime minister's advisor for commerce, textile, industries and production Abdul Razak Dawood has assured textile mill owners to implement the Economic Coordination Council's (ECC) decision on uniform energy rates for five zero-rated industries, including textiles, All Pakistan Textile Mills Association (APTMA) leader Gohar Ejaz said after meeti#
The textile industry has been continuously pushing for making gas rates uniform across the country to raise exports.
The government had agreed to bring gas prices down to $6.5 per MMBTU from the previous $16 per MMBTU only for the export sector. Despite the ECC approving this with effect from September 27, the finance ministry is yet to issue a notification in this regard, according to Pakistani media reports.
The textile secretary would approach ministries of petroleum and finance to devise a new mechanism for implementation of the ECC decision effective September 27, APTMA added. (DS)
Fibre2Fashion News Desk – India
20240830145952.gif)
20240924091343.png)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
