Industry demands cheap electricity to ramp up exports
Pakistan will not be able to increase its exports until the government succeeds in reducing the electricity tariff for industries, said Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Zubair Tufail.
Soon after taking office in June 2013, the PML-N government increased electricity tariffs up to an unprecedented 73% mainly to reduce government subsidies for the ailing power sector. The move proved to be a disaster for the industrial units, which was reflected in a continuous decline in exports over the past couple of years.
Published in The Express Tribune, 5th September, 2017