SIALKOT, Sep 03 (APP):Sialkot Chamber of Commerce & Industry (SCC) President Abdul Ghafoor Malik
has demanded the government to set special electricity rates for five important
export-oriented sectors of the country to promote exports.
In a press statement issued here on Sunday, he said that 80 to 100 percent increase
in electricity bills in the form of taxes and levies was a big challenge for domestic
exports, which could not be ignored in any case.
The SCCI President said that there was no doubt that the government had to take
strict measures in view of the country’s economic situation, but the export industry,
which keeps the wheel of country’s economy moving was already suffering from
expensive utility bills, increase in the prices of petroleum products and due to the
devaluation of rupee, it was already suffering from serious economic problems.
Malik said that due to increase in the manufacturing cost of export products due
to the recent increase in electricity prices, “our products are losing competitiveness
in global markets”.