Hike in power tariff to hamper textile production

The latest surge in electricity prices would further increase the cost of doing business for textile sector and may further hamper the production capacity of export-oriented sector, observed a parliamentary panel. The concerns were also admitted by Federal Minister for Commerce and Textile Pervaiz Malik. He said that second LNG terminal will be operational within the next two months, which would help decrease power rates.

Published in Business Recorder, 26th October, 2017