Pakistani denim suppliers request gas tariff reduction
21/11/2023
Their request involves imposing reductions of 1,350 Pakistani rupees per one million British thermal unit (MMBtu), which KCCI president, Iftikhar Ahmed Sheikh, suggested would be more “acceptable”.
“The unwise move to raise gas tariffs will badly hit value-added exports and industrialists will have no choice but to revert to exporting raw materials,” he commented, “which would subsequently provide a perfect opportunity for competitors to take over Pakistan’s export share [relatively] easily”.
Collectively, the trade body representatives said they would be forced to intensify protest efforts if no announcement is made beyond the first week of December.
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