Pakistan’s Prime Minister announced a relief package for industries by abolishing ‘peak-hour’ tariff for all industries, along with a 50% concession on additional electricity consumption to boost industrialization and increase exports.
He said the electricity generated in Pakistan was 25 percent more expensive than in India and Bangladesh, due to which our exports were not competitive. The PM said “But with the new package, our industry will become more competitive on the international and local levels, which will also have an impact on prices. From November to June 2021, the Small and Medium Enterprises using additional power will be provided with electricity at 50 percent of the rate.”
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