Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 23 minutes ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
Pakistan likely to reduce tariffs of power, gas
January 14, 2018
 Print    Send to Friend

LAHORE: Government of Pakistan is likely to reduce industrial tariffs of electricity and gas within the next couple of days, the finance ministry’s chief said on Sunday in a response to businessmen’s demand to lower cost of doing business.

“Gas and power rates would be lowered possibly in the next 10 days,” Adviser to the Prime Minister on Finance, Revenue and Economic Affairs Miftah Ismail said in a meeting with the office bearers of All Pakistan Textile Mills Association.

Ismail, however, rejected the demand of Punjab-based industries to equalise gas rates. “This is not possible as gas used in Punjab is imported,” he said.

The adviser said government is taking measures to lower cost of doing business through ensuring affordable tariffs of electricity and gas.

The official assured the businessmen of compensation for 28 per cent suspension in gas from the system, which has been replaced with re-gasified liquefied natural gas (RLNG), he added.

“The government would compensate the excess amount paid for a 28 per cent additional RLNG use.”

Currently, there are two RLNG terminals with a capacity of 1.2 billion cubic feet/day to meet fuel requirements of Punjab-based gas-based power plants.

Prime minister’ adviser said rebate on sales tax on packaging materials will not be possible in the upcoming budget.

Internews

Add this page to your favorite Social Bookmarking websites
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
Related Stories
USAID, Pakistan to boost agri-technology businesses
ISLAMABAD: USAID and the Pakistan Ministry of National Food Security and Research launched Pakistan Agricultural Technology Transfer Activity. Partnering with roughly..
Pakistan and Uzbekistan to enhance bilateral relations
QINGDAO: President of Pakistan Mamnoon Hussain met President of Uzbekistan Shavkat Mirziyoyev today at Qingdao China. President Mamnoon surveyed historical bilateral c..
SECP notifies regulations for non-profit associations
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified the Associations with Charitable and Not for Profit Objects Regulations, 2018. The r..
Minister for energy in Pak visits Petroleum Division
ISLAMABAD: The Minister for Energy Syed Ali Zafar visited the Petroleum Division, and held meetings with senior officials of the Division. A comprehensive briefing wa..
Gwadar soon to become an ideal economic zone
GWADAR: For over a decade, Pakistani officials have dreamed of transforming the strategically located fishing port of Gwadar into an ideal duty-free port and free economi..
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright