Cabinet approves gas and electricity rates for five export sectors

News Image

MG News | August 12, 2022 at 04:39 PM GMT+05:00

0:00

August 12, 2022 (MLN): The Federal Cabinet on Friday, approved gas and electricity rates for five export sectors.

According to details, the cabinet meeting, chaired by Prime Minister Shehbaz Sharif has approved the supply of electricity at 9 cents per kWh and RLNG at $9 per MMBTU without disparity and all-inclusive to five export-oriented sectors namely textiles including jute, leather, carpet, surgical and sports goods across the country for one year.

RLNG rate will be effective from July 1, while the electricity rate will be from Aug 1 till the end of FY23.

To recall, the government would provide Rs60 billion subsidy on providing subsided electricity and gas to industries under federal budget FY23 to supply energy at concessionary tariff to five export-oriented sectors. Of the total Rs60bn, the government allocates Rs40bn as a subsidy amount for gas and Rs20bn for electricity.

Meanwhile, the indigenous gas tariffs for export and general industry of Rs1,350 and Rs1,550 per MMBtu respectively have not been approved.

 Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 133,782.35
325.79M
0.91%
1205.36
ALLSHR 83,615.82
940.14M
0.76%
632.14
KSE30 40,681.77
65.23M
0.80%
322.98
KMI30 191,640.88
61.56M
0.48%
913.56
KMIALLSHR 55,891.51
405.64M
0.35%
193.03
BKTi 36,988.68
20.05M
2.06%
746.62
OGTi 28,181.50
5.52M
-0.50%
-141.92
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 114,185.00 114,230.00
110,880.00
1940.00
1.73%
BRENT CRUDE 68.82 70.48
68.58
-1.37
-1.95%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.00
1.04%
ROTTERDAM COAL MONTHLY 108.60 110.00
108.60
0.85
0.79%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.72 68.65
66.58
-1.66
-2.43%
SUGAR #11 WORLD 16.26 16.56
16.22
-0.30
-1.81%

Chart of the Day


Latest News
July 10, 2025 at 07:25 PM GMT+05:00

SBP reserves rise to $14.5bn in a week


July 10, 2025 at 05:14 PM GMT+05:00

Car sales rise 64% in June 2025


July 10, 2025 at 05:01 PM GMT+05:00

Gold price in Pakistan rises Rs3,200 per tola


July 10, 2025 at 04:33 PM GMT+05:00

PSX Closing Bell: El Toro


July 10, 2025 at 04:33 PM GMT+05:00

PKR weakens by 10 paisa against USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg