Islamabad
Special relief package for the export sector is highly laudable as it will help increase exports, employment and revenue, a business leader said Saturday.
The Economic Coordination Council has approved electricity tariff of 7.5 cents for export industry including textile, carpet, leather, sports and surgical goods which will increase exports, said Shahid Rasheed Butt former President ICCI.
The decision has provided relief to the export sector which was uneasy over recent unprecedented hike in power tariff, he added. Shahid Rasheed Butt said that the relief would be applicable until June, which will reduce the cost of doing business, and help Pakistan regain ground in the export market.
He said that the government should announce the same tariff for the export industry for next year so that the investors can take critical decisions regarding expansion of their industrial base. Pakistani textile sector is best suited to fill the textile gap in the international market but it requires relaxations by government. —INP
