PM unveils major relief for industry, export sectors

PM unveils major relief for industry, export sectors

Prime Minister Shehbaz Sharif on Friday announced major relief measures for the industries and exports sectors, including a reduction in electricity tariffs by Rs 4.04 per unit and wheeling charges to less than Rs9 for industry, alongside a significant decrease in the export refinance scheme rate from current 7.5 per cent to 4.5 per cent and the issuance of blue passports for the leading exporters for two years. He said the government had alloca…

PM Shehbaz announces Rs4.4 cut in electricity rates for industries

Prime Minister Shehbaz Sharif on Friday announced a Rs4.4 reduction in the per unit rate of electricity for the industrial sector in a bid to improve productivity and exports. The premier stated this during an address to the country’s major exporters and business figures at a ceremony in Islamabad, which was held to honour their contributions. “A Rs4.4 reduction is being made in the electricity unit rate for industries,” said the premier, addin…

FPCCI welcomes Rs4.04 cut in industrial power tariffs

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has welcomed the federal government’s decision to reduce electricity tariffs for industrial consumers by Rs4.04 per unit, terming it a timely move to support the struggling industrial and export sectors. FPCCI Patron-in-Chief SM Tanveer praised the initiative, calling it a significant relief for industries facing high energy costs. He said the reduction would lower production e…

PM Sharif announces Rs4.04 per unit cut in power tariff for industries

Prime Minister Shehbaz Sharif on Thursday rolled out relief measures for the…

Major relief for industry: Govt cuts power tariff by Rs4.4 per unit

ISLAMABAD, JAN 30: In a major relief move for Pakistan’s industrial sector, the government has announced a reduction of Rs4.04 per unit in electricity tariff, a step expected to significantly lower production costs and stimulate industrial activity. The government has reduced the industrial base electricity tariff from Rs33.58 per unit to Rs29.18 per unit. The decision marks a reduction of four rupees and four paisa per unit, providing direct fi…

Textile Industry Set to Gain as Government Cuts Export Financing Rate by 3% TechJuice

The Prime Minister Shehbaz Sharif has announced a 3% reduction in the Export Refinancing Scheme (EFS) rate, bringing it down to 4.5%  from 7.5%. The move aims to reduce borrowing costs for exporters and encourage higher foreign exchange inflows. According to research from JS Global, textile exporters are likely to be the main beneficiaries, given […] The post Textile Industry Set to Gain as Government Cuts Export Financing Rate by 3% appeared fi…