The government’s decision of extending export Industry’s subsidized flat tariff package for another one year will yield better economic results; boost industrial production and exports volume.
South Asian Association for Regional Cooperation-Chamber of Commerce and Industry (SAARC-CCI) President Iftikhar Ali Malik expressed these views while talking to a delegation of industrialists led by Mian Faiz Bakhsh Arain here on Wednesday.
Malik said that continuation of concessional rates of electricity and Regasified Liquefied Natural Gas (RLNG) to export-oriented sectors on subsidized flat rates was important for sustained increase in exports by providing at regionally competitive rates.
He said Pakistani exports registered an increase of 14 percent during last fiscal year despite global economic challenges and could post even higher growth as significant increase in investment and imports of machinery and equipment for capacity expansion had been seen during the past months.
Malik also called for incentivising export-oriented sectors to take exports to the next level and government must rationalize usage of energy inputs.—APP