Govt agrees to revises rates of five zero-rated industries: Razak Dawood

Advisor to Prime Minister for Commerce and Investment, Abdul Razak Dawood has said that the government agreed that erstwhile 5 zero-rated industries would be given a rate of 7.5 ¢/kWh for July and August and 9 ¢/kWh thereafter.

In a tweet, he said that for gas, the rate will be $6.5/MMBtu throughout.

He said that it was decided in a meeting held between the Ministries of Commerce, Finance and Energy.

In wake of the situation created by COVID-19, pandemic, he said that he feels Commerce Ministry has obtained a very good rate and now the exporters should concentrate on growth of our exports.

The advisor also informed that a constructive meeting of American Business Council was held with the Prime Minister, Imran Khan where issues relating to Urdu labeling, pharma, mobile device manufacturing and transshipment of goods were discussed.

He said that all these matters are important and would be examined with the relevant stakeholders to bring them to a closure.

 

Source: Radio Pakistan