AGL 38.41 Decreased By ▼ -0.07 (-0.18%)
AIRLINK 203.40 Increased By ▲ 0.38 (0.19%)
BOP 10.04 Decreased By ▼ -0.13 (-1.28%)
CNERGY 6.40 Decreased By ▼ -0.14 (-2.14%)
DCL 9.45 Decreased By ▼ -0.13 (-1.36%)
DFML 39.50 Decreased By ▼ -0.52 (-1.3%)
DGKC 98.55 Increased By ▲ 0.47 (0.48%)
FCCL 35.38 Increased By ▲ 0.42 (1.2%)
FFBL 88.50 Increased By ▲ 2.07 (2.4%)
FFL 13.75 Decreased By ▼ -0.15 (-1.08%)
HUBC 130.50 Decreased By ▼ -1.07 (-0.81%)
HUMNL 13.95 Decreased By ▼ -0.07 (-0.5%)
KEL 5.48 Decreased By ▼ -0.13 (-2.32%)
KOSM 7.41 Increased By ▲ 0.14 (1.93%)
MLCF 46.16 Increased By ▲ 0.57 (1.25%)
NBP 61.40 Decreased By ▼ -4.98 (-7.5%)
OGDC 221.00 Increased By ▲ 0.24 (0.11%)
PAEL 39.15 Increased By ▲ 0.67 (1.74%)
PIBTL 8.65 Decreased By ▼ -0.26 (-2.92%)
PPL 197.00 Decreased By ▼ -0.88 (-0.44%)
PRL 39.16 Increased By ▲ 0.13 (0.33%)
PTC 25.60 Increased By ▲ 0.13 (0.51%)
SEARL 105.95 Increased By ▲ 2.90 (2.81%)
TELE 8.90 Decreased By ▼ -0.12 (-1.33%)
TOMCL 36.32 Decreased By ▼ -0.09 (-0.25%)
TPLP 13.89 Increased By ▲ 0.14 (1.02%)
TREET 24.91 Decreased By ▼ -0.21 (-0.84%)
TRG 57.80 Decreased By ▼ -0.24 (-0.41%)
UNITY 33.54 Decreased By ▼ -0.13 (-0.39%)
WTL 1.68 Decreased By ▼ -0.03 (-1.75%)
BR100 11,897 Increased By 6.6 (0.06%)
BR30 37,138 Decreased By -218.4 (-0.58%)
KSE100 110,535 Decreased By -535.7 (-0.48%)
KSE30 34,747 Decreased By -161.7 (-0.46%)

ISLAMABAD: After depriving concessional electricity tariff of Rs 19.99 per unit for exporters subsequent to pressure from International Monetary Fund (IMF), All Pakistan Textile Mills Association (Aptma) is reportedly approaching the authorities to convince them to review the decision, well informed sources told Business Recorder.

Citing the letter of National Electric Power Regulatory Authority (Nepra) of March 10, 2023, regarding endorsement of federal government decisions taken for discontinuation of regionally competitive energy rates of Rs 19.99/kwh) for five export-oriented sectors and Kissan Package (relief of Rs 3.6o/kWh) from March 01, 2023 in which the Authority endorsed federal government decision to discontinue concessional rates for export sector, the Aptma has requested that in light of decision Zero Rated Industrial (ZRI) consumer categories be allowed to benefit from incremental consumption package available till October 2023.

The Aptma, in its letter has further stated that as per federal cabinet of August 24, 2021, the incremental consumption package was discontinued from FY 22 for ZRI consumer categories and decision was duly reflected in Authority’s decisions of January 11, 2022 and May 11, 2022 with regard to extension of incremental consumption package till October 2023.

“We understand that decisions of Authority and federal cabinet were based on the premise that ZRI consumer categories were benefiting under RCET rates and were accordingly not allowed the benefits of incremental consumption package.

However, since RCET rate has been discontinued from March 1, 2022, the ZRI consumer categories be allowed to benefit from incremental consumption package,” urged the letter.

Copyright Business Recorder, 2023

Comments

Comments are closed.