APTMA requests PM to announce competitive energy prices before June 30

MG News | June 29, 2022 at 12:35 AM GMT+05:00

0:00

June 28, 2022 (MLN): The All Pakistan Textile Mills Association (APTMA) on Tuesday requested Prime Minister Shehbaz Sharif to announce competitive prices of electricity and gas for the textile sector before June 30, 2022 as the current tariffs are scheduled to lapse on the said date.

In a letter to the Prime Minister Chairman Abdul Rahim Nasir of All Pakistan Textile Mills Association (APTMA) highlighted that APTMA had a series of inconclusive meetings on the issue with the government to settle the rate of the Regionally Competitive Energy Tariffs (RCETs) beyond June 30, 2022.

He mentioned that the energy tariffs for the export sector for both gas and electricity are scheduled to lapse on June 30, 2022.

Adding in to it, he also said that keeping the industry competitive, RCETs is imperative in the face of looming international recession. Export sector is unable to book orders beyond June as energy price has to be set to make final cost of the goods.

“It is of utmost importance that the regionally competitive energy pricing may be set and announced before June 30, 2022, so the industry may keep operating during these very difficult times,” he added.

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