–Govt agrees to provide electricity to textile sector at 7.5cents/kWh, withdraw all additional surcharges till June 2020LAHORE: The federal government has agreed to provide electricity to the textile and other zero-rated industries at the rate of 7.5 cents/kWh (which is approximately Rs11.58 as of today) all-inclusive till June 2020. Sources told Pakistan Today that the All Pakistan Textile Mills Association (APTMA) also managed to persuade the government to take back all additional surcharges and add-ons over and above the concessionary rate till June. Prime Minister Imran Khan was scheduled to meet the textile sector and address the issues faced by the export-oriented sector, however the premier could not attend Wednesday’s meeting. Economic Affairs Minister Hammad Azhar, PM’s Adviser on Petroleum Nadeem Babar, Federal Minister for Power Omar Ayub Khan and Punjab Governor Chaudhry Muhammad Sarwar were also present. The APTMA delegation was led by Gohar Ijaz and comprised APTMA Chairman Dr Amanullah Kassim Machariya, APTMA Punjab Chairman Adil Bashir, APTMA Punjab Senior Vice Chairman Abdul Rahim Nasir, APTMA’s Executive Director Shahid Sattar and other leading textile millers and office-bearers of the association.

Source: Pakistan Today February 26, 2020 18:11 UTC