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Faisalabad Chamber of Commerce & Industry (FCCI) has expressed deep concern over the gas bills issued for the second time with enhanced commercial rates of Rs 1787/MMBTU instead of adjusting the payment of last bills allowed by the government for the zero rated five export sectors including textile.
FCCI president Syed Zia Alumdar Hussain has demanded that fresh gas bills may kindly be withdrawn and fresh adjusted bills be issued to save exporters from severe liquidity crunch.
Commenting on the gas bills, he told that the federal Finance Minister Asad Umar had categorically announced that five export oriented sectors will get gas at $6.5/mmbtu in a bid to cut down the cost of production and make Pakistani exportable surplus competitive in the international markets. This decision was taken to enhance exports which were facing steep decline due to high production cost for the last many years.
He told that the new Government had realized the gravity of this issue and decided to make Pakistani exports competitive by providing gas and electricity at regionally competitive rates. He told that Finance Minister had clearly announced that the export sector will get gas at $6.5/MMBTU and electricity at 7.5 cent/unit.

Copyright Business Recorder, 2018

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