{"id":317158,"date":"2023-03-03T10:07:51","date_gmt":"2023-03-03T05:07:51","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=317158"},"modified":"2023-03-03T10:07:51","modified_gmt":"2023-03-03T05:07:51","slug":"nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\/","title":{"rendered":"NKATI rejects Govt\u2019s decision to discontinue Zero Rated Industrial Package for Export Sector"},"content":{"rendered":"<p> KARACHI<br \/>\nPresident North Karachi Association of Trade &#038; Industry (NKATI) Faisal Moiz Khan, while expressing serious concerns over discontinuation of the Zero Rated Industrial (ZRI) package for the export-oriented sector under the pressure of the International Monetary Fund (IMF), has rejected the Federal Cabinets\u2019 decision.<br \/>\nIn an appeal, NKATI president requested the Prime Minister Mian Muhammad Shehbaz Sharif and Federal Minister Energy Engr. Khurram Dastgir to withdraw the decision to discontinue the ZRI facility for zero-rated export industries in the best interest of the country\u2019s economy. Otherwise, it will have a devastating impact on export industries, especially small and medium industries (SMEs) including textiles.<br \/>\n\u201cSMEs would not be able to bear the burden of expensive electricity, and it is feared that SMEs will be shut down, which will not only affect exports but also leave millions of workers unemployed.\u201d<br \/>\nHe pointed out that after the approval of the  Federal Cabinet, the Ministry of Energy Power Division has notified the discontinuation of the Zero Rated Industrial (ZRI) package for export-oriented sectors at the rate of Rs. 19.99 per kWh (all inclusive) effective from March 1st, 2023.<br \/>\n\u201cIn the notification, CEOs of all DISCOs, Chief Executives of Electric and Chairman Federal Board of Revenue have been informed to immediately suspend the facility of cheap electricity to the export sector and ensure immediate implementation of the orders.\u201d<br \/>\nFaisal Moiz appealed to the Prime Minister Mian Muhammad Shehbaz Sharif and Federal Minister Energy Engr. Khurram Dastgir to withdraw the federal cabinet decision and implement economy, industry-friendly measures, saying that the high flight of dollar, closure of LCs, delay in clearance of consignments at the ports.<br \/>\nElectricity, gas high tariff the production cost of industries has already increased enormously, which has adversely affected the production activities.<br \/>\n\u201cNow, by ending the facility of subsidized power supply to zero-rated export sectors, the industries, especially the SMEs, will be devastated\u201d, he feared.<br \/>\nFaisal requested that the government should facilitate by supporting the industries to bring the economy out of crisis, and bring economic prosperity so that we can stand on our feet again and create more employment opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI President North Karachi Association of Trade &#038; Industry (NKATI) Faisal Moiz Khan, while expressing serious concerns over discontinuation of the Zero Rated Industrial (ZRI) package for the export-oriented sector under the pressure of the International Monetary Fund (IMF), has rejected the Federal Cabinets\u2019 decision. In an appeal, NKATI president requested the Prime Minister Mian [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-317158","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NKATI rejects Govt\u2019s decision to discontinue Zero Rated Industrial Package for Export Sector<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NKATI rejects Govt\u2019s decision to discontinue Zero Rated Industrial Package for Export Sector\" \/>\n<meta property=\"og:description\" content=\"KARACHI President North Karachi Association of Trade &#038; Industry (NKATI) Faisal Moiz Khan, while expressing serious concerns over discontinuation of the Zero Rated Industrial (ZRI) package for the export-oriented sector under the pressure of the International Monetary Fund (IMF), has rejected the Federal Cabinets\u2019 decision. In an appeal, NKATI president requested the Prime Minister Mian [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-03T05:07:51+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\\\/\"},\"author\":{\"name\":\"Web Desk\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/person\\\/6ef8309590ff620a99ce35559f54fd62\"},\"headline\":\"NKATI rejects Govt\u2019s decision to discontinue Zero Rated Industrial Package for Export Sector\",\"datePublished\":\"2023-03-03T05:07:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\\\/\"},\"wordCount\":362,\"publisher\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#organization\"},\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\\\/\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\\\/\",\"name\":\"NKATI rejects Govt\u2019s decision to discontinue Zero Rated Industrial Package for Export Sector\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#website\"},\"datePublished\":\"2023-03-03T05:07:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NKATI rejects Govt\u2019s decision to discontinue Zero Rated Industrial Package for Export Sector\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/\",\"name\":\"Daily Lead Pakistan\",\"description\":\"Daily Lead Pakistan\",\"publisher\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#organization\",\"name\":\"Daily lead Pakistan\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/logo3.jpg\",\"contentUrl\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/logo3.jpg\",\"width\":1000,\"height\":154,\"caption\":\"Daily lead Pakistan\"},\"image\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/DailyLeadPak\\\/\",\"https:\\\/\\\/x.com\\\/DailyLeadPak\",\"https:\\\/\\\/instagram.com\\\/DailyLeadPak\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/person\\\/6ef8309590ff620a99ce35559f54fd62\",\"name\":\"Web Desk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g\",\"caption\":\"Web Desk\"},\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/author\\\/edt\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NKATI rejects Govt\u2019s decision to discontinue Zero Rated Industrial Package for Export Sector","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/leadpakistan.com.pk\/news\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\/","og_locale":"en_US","og_type":"article","og_title":"NKATI rejects Govt\u2019s decision to discontinue Zero Rated Industrial Package for Export Sector","og_description":"KARACHI President North Karachi Association of Trade &#038; Industry (NKATI) Faisal Moiz Khan, while expressing serious concerns over discontinuation of the Zero Rated Industrial (ZRI) package for the export-oriented sector under the pressure of the International Monetary Fund (IMF), has rejected the Federal Cabinets\u2019 decision. In an appeal, NKATI president requested the Prime Minister Mian [&hellip;]","og_url":"https:\/\/leadpakistan.com.pk\/news\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\/","og_site_name":"Daily Lead Pakistan","article_publisher":"https:\/\/www.facebook.com\/DailyLeadPak\/","article_published_time":"2023-03-03T05:07:51+00:00","author":"Web Desk","twitter_card":"summary_large_image","twitter_creator":"@DailyLeadPak","twitter_site":"@DailyLeadPak","twitter_misc":{"Written by":"Web Desk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/leadpakistan.com.pk\/news\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\/#article","isPartOf":{"@id":"https:\/\/leadpakistan.com.pk\/news\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\/"},"author":{"name":"Web Desk","@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/person\/6ef8309590ff620a99ce35559f54fd62"},"headline":"NKATI rejects Govt\u2019s decision to discontinue Zero Rated Industrial Package for Export Sector","datePublished":"2023-03-03T05:07:51+00:00","mainEntityOfPage":{"@id":"https:\/\/leadpakistan.com.pk\/news\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\/"},"wordCount":362,"publisher":{"@id":"https:\/\/leadpakistan.com.pk\/news\/#organization"},"articleSection":["Business"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/leadpakistan.com.pk\/news\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\/","url":"https:\/\/leadpakistan.com.pk\/news\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\/","name":"NKATI rejects Govt\u2019s decision to discontinue Zero Rated Industrial Package for Export Sector","isPartOf":{"@id":"https:\/\/leadpakistan.com.pk\/news\/#website"},"datePublished":"2023-03-03T05:07:51+00:00","breadcrumb":{"@id":"https:\/\/leadpakistan.com.pk\/news\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/leadpakistan.com.pk\/news\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/leadpakistan.com.pk\/news\/nkati-rejects-govts-decision-to-discontinue-zero-rated-industrial-package-for-export-sector\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/leadpakistan.com.pk\/news\/"},{"@type":"ListItem","position":2,"name":"NKATI rejects Govt\u2019s decision to discontinue Zero Rated Industrial Package for Export Sector"}]},{"@type":"WebSite","@id":"https:\/\/leadpakistan.com.pk\/news\/#website","url":"https:\/\/leadpakistan.com.pk\/news\/","name":"Daily Lead Pakistan","description":"Daily Lead Pakistan","publisher":{"@id":"https:\/\/leadpakistan.com.pk\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/leadpakistan.com.pk\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/leadpakistan.com.pk\/news\/#organization","name":"Daily lead Pakistan","url":"https:\/\/leadpakistan.com.pk\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/logo\/image\/","url":"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2022\/04\/logo3.jpg","contentUrl":"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2022\/04\/logo3.jpg","width":1000,"height":154,"caption":"Daily lead Pakistan"},"image":{"@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/DailyLeadPak\/","https:\/\/x.com\/DailyLeadPak","https:\/\/instagram.com\/DailyLeadPak\/"]},{"@type":"Person","@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/person\/6ef8309590ff620a99ce35559f54fd62","name":"Web Desk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g","caption":"Web Desk"},"url":"https:\/\/leadpakistan.com.pk\/news\/author\/edt\/"}]}},"_links":{"self":[{"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/posts\/317158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/comments?post=317158"}],"version-history":[{"count":1,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/posts\/317158\/revisions"}],"predecessor-version":[{"id":317168,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/posts\/317158\/revisions\/317168"}],"wp:attachment":[{"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/media?parent=317158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/categories?post=317158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/tags?post=317158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}