Lahore: The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) President Mian Anjum Nisar has sought the annual fixation of gas and power tariffs for the country’s export sector , a news source reported. He has specifically asked the government to prioritise the said sector for this purpose; as its vendors have to make commitments to their buyers six months in advance.
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Nisar remarked that the frequent changes in local gas and power tariffs disrupted the entire planning of the exporters. In a meeting with the Chairman of Pakistan Apparel Forum, and others, he proposed to set the power tariff at 7.5 cents/kwh (including all charges) and RLNG at USD 6.5/MMBTU across the country.
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The FPCCI president stated that the notification for these tariffs had come through but it did not include the time period. He said that it should be turned to a three-year period – as per agreement.
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He also noted that the Oil & Gas Regulation Authority (OGRA) had separated the zero-rated industry from the general industry for gas tariff – but National Electric Power Regulatory Authority (NEPRA) had not done the same.
Nisar further urged the government to restore the zero-rating and no-payment-no-refund regime for the export sector – as per its commitment.