LAHORE : The epoch making package offered by Prime Minister Imran Khan is bound to boost export, poised to promote small and medium enterprises, promise to strength national economy and bring sigh of relief and solace to business community badly hit by globally deadly virus pandemic Covid 19.
Hailing the package, veteran trade leader President SAARC Chamber and Chairman United Business Group Iftikhar Ali Malik here on Wednesday said it was long awaited demand of the entire business community which Prime Minister fulfilled.
He said 50 percent record reduction in power tariff will instantly address the most burning issue of high cost of doing business compared to neighbouring countries. He said now traders and entrepreneurs can effectively compete global markets and boost export worldwide.
Iftikhar Ali Malik said the package would promote industries in the country that had suffered losses in the past due to high power tariff.He said for next three years, all industries on additional usage of electricity would be provided 25 percent relief on the basis of their previous bills. He said an end to peak-hour system for commercial users, with provision of uniform electricity rates round the clock will eliminate the prevailing disparity in doing of business.He said a strong infrastructure of energy was vital to help industries grow and compete with global market.
He said that now Pakistan would not lag behind India and Bangladesh in terms of exports.He said that industrialisation will create ample job opportunities for jobless people.He regretted that the contracts signed with power generation companies during previous tenures resulted in production of high-cost power which had cancerous effects on industrial sector that too plagued the national economy.
