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APTMA seeks removal of cross subsidies from energy tariff

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All Pakistan Textile Mills Association (APTMA) newly-elected Chairman Kamran Arshad has urged the government to remove cost of cross-subsidies, line losses, inefficiencies, power theft and stranded cost from electricity tariff on export industry as such costs cannot be exported.

Addressing the Annual General Meeting (AGM) of the Association here Saturday, he cited that export sector is exempted from all sorts of local taxes, duties, surcharges and levies all over the world and even the World Trade Organization (WTO) allows such waivers. He said that non-exportable costs make Pak products un-competitive in the international market.—APP

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