Home / Knowledge / News / Textiles / Implement Rs 3 power tariff cut: APTMA to govt
Implement Rs 3 power tariff cut: APTMA to govt
01
Feb '16
All Pakistan Textile Mills Association (APTMA) Chairman Tariq Saud, has appealed the prime minister and finance minister to issue directions for the reduction in industrial electricity tariff in line with the earlier announcement of Rs 3 per kilowatt-hour by the prime minister and remove the rationalisation surcharges from tariff to save the industry, exports and employment in the larger interest of economy.

Expressing his worries over the snub response from the ministry as well as the National Electric Power Regulatory Authority (NEPRA) he urged for an immediate notification on the exact status of the same, according to reports in the Pakistani media.

“The prevailing industrial tariff for December was about Rs 11.60 per kilowatt-hour, adding that an announcement of reduction of Rs 3 per kilowatt-hour will bring it down to below Rs 9 per kilowatt-hour, in line with the electricity tariff of competitors in the region. The export-oriented textile industry in particular had taken a sigh of relief over the announcement made by the prime minister in December last year, but no notification has been made public so far,” he said.

He further added that the export orders are not being processed as the textile industry is in a state of fix whether to exclude Rs 3 per kilowatt-hour from production cost or not while quoting rates to foreign buyers.

“Already, a production capacity worth $3.7 billion has been closed down. One major reason for this is the unaffordable power tariff, resulting in an exorbitant production cost. Furthermore, liquidity crunch being faced by the industry and the exporters is also due to the pending refunds of industry, accumulated to the tune of Rs 200 billion on account of sales tax, customs, income tax and textile policy initiatives,” he added.

Saud said the World Economic Forum in Davos is considering the “fourth industrial revolution” while Pakistan is sliding backwards by failing to ensure a congenial environment for industrialisation.

Expressing his regrets on fact that the exports are being further burdened with incidentals of various taxes, levies and surcharges he said the government and the industry can jointly reverse the situation by working together. (NA)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: EVG photos from Pexels

Apparel/Garments | On 16th Aug 2018

Bangladesh ups garment export target to $32.689 bn

The Government of Bangladesh has increased the country’s readymade...

Courtesy: PR Newswire

Apparel/Garments | On 16th Aug 2018

Shoppers go to stores for thrifting experiences: Survey

Despite growth in e-commerce, shoppers still head to retail stores...

Pak ministry invests in training textile sector workers

Textiles | On 16th Aug 2018

Pak ministry invests in training textile sector workers

Pakistan’s ministry of commerce and textile industry is offering...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search