APTMA criticises NEPRA for tariff revision
KARACHI: The All Pakistan Textile Mills Association (APTMA) Chairman Tariq Saud has said that linking Rs 3 per unit industrial tariff reduction with fuel price adjustment (FPA) is merely an eyewash. He also said the industry was expecting electricity bill for the month of January at a cost of Rs 9 per unit. “Instead, the industry would be paying over Rs 13 for each unit consumed during January due to the burden of various surcharges, which in any case should not be chargeable to the textile industry, being fully compliant in bills and also receiving electricity on zero loss basis,” he added. The APTMA chairman said revival of the closed capacity and bringing back the industry viability is only possible if the government matches the electricity tariff with the regional electricity rates of Rs 9 cent per unit. He said the textile industry was booking the export orders on Rs 9 per unit electricity tariff after the announcement of Rs 3 per unit tariff reduction by the prime minister. The way the prime minister’s decision or reducing industrial tariff by Rs 3 per unit is being executed, it would not help achieve competitiveness of the industry and consequent revival of closed capacities, increase in exports and attract new investment in the sector. He appealed to the prime minister for issuing directions to the Ministry of Water and Power for Rs 3 per unit reduction from the notified surcharges, imposed over and above the NEPRA determination.