Instead of reducing the cost of doing business, the government has gone ahead and hiked electricity rates by 12 percent said a top official of Pakistan Textile Exporters Association (PTEA).
“We condemn the proposed 12 percent rise in electricity tariffs, which will increase the cost of manufacturing and ultimately affect cost-competitiveness of Pakistani textile exports”, Rana Arif Tauseef – Chairman of PTEA said.
He added, “The textile industry was already reeling under excessive electricity tariffs, despite which, the government has increased tariff by another 12 percent, instead of rolling back or reducing the earlier hike”.
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