The Ministry of Energy (Power Division) has issued a notification, saying the electricity tariff for industrial consumers will be reduced by Rs3 per kilowatt-hour (kWh) and the difference will be borne by the federal government. The tariff will be calculated on the basis of the last day of a month. Electricity tariff increased by Rs1.27 per unit: Asad UmarWith the tariff cut, the cost of doing business will go down, which will enable Pakistan’s exporters to sell their products at competitive rates. Pakistan had also got GSP Plus status from the European Union, which could boost its exports but due to the high cost of doing business, exports were not growing, he said. If the government reduces our cost of doing business equal to that in Bangladesh, we can double our exportsRead full story

Source: The Express Tribune January 09, 2019 03:45 UTC