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Govt announces cheaper electricity for five export industries

ISLAMABAD: The federal government has extended relief to the export sector with cheaper electricity to five export-oriented industries, ARY News reported on Tuesday. Prime Minister Imran Khan has approved cheaper rates of electricity for five export industries including textile, surgical instruments, sports goods, carpets and leather industries, sources said. The government has slashed per unit rate of electricity for these industries from existing 14 rupees to 10 rupees per unit. The textile manufacturers have…

No decision taken to increase gas, electricity tariff: Asad Umar

ISLAMABAD: Finance Minister Asad Umar on Friday said that the government will provide all possible cooperation to the textile industry for increasing exports, ARY News reported. Talking to a delegation of All Pakistan Textile Mills Association led by Aamir Fayyaz Sheikh in Islamabad, the minister said that the news relating to increase in gas and electricity tariff has been misreported in the media as no such decision has been taken so far. The delegation congratulated the finance minister on assuming charge of the…