APTMA terms Rs three per unit tariff reduction just

The All Pakistan Textile Mills Association Chairman Tariq Saud has said linking Rs 3 per unit industrial tariff reduction with fuel price adjustment (FPA) is merely an eye wash.He also said the industry was expecting electricity bill for the month January at a cost of Rs 9 per unit.Instead, the industry would be paying over Rs 13 for each unit consumed during the month of January due to the burden of various surcharges, which in any case should not be chargeable to the textile industry being fully compliant in bills payment and also receiving electricity on zero lossbasis.Chairman APTMA said revival of the closed capacity and bringing back the industry viability is only possible if the government matches the electricity tariff with the regional electricity rates of9 cent per unit.He said the textile industry was booking January onwards export orders based on Rs 9 per unit electricity tariff after the announcement of Rs 3 per unit tariff reduction by the prime minister.The way the prime minister decision or reducing industrial tariff by Rs 3 per unit is being executed would not help achieve competitiveness of the industry and consequent revival of closed capacities, increase in exports and attract new investment in the sector.News SourceNews Collated byPAKISSAN.comCourtesy Business Recorder