MoC suggests abolition of cross-subsidy on electricity

KARACHI: The Ministry of Commerce (MoC) has proposed abolition of cross-subsidy on electricity to save the industry from its negative impact in the form of increase in ‘cost of doing business’, MoC Secretary Mohammad Younas Dagha disclosed here Friday.

“Why the industry should be burdened by subsidizing electricity for domestic and other consumers,” Dagha remarked while talking to businessmen at Site Association of Industry (SAI). He added that the ministry would request the new government to take the decision in this regard.

Published in Business Recorder, 30th June, 2018