Under pressure from the International Monetary Fund (IMF), the facility of cheap power for export industries was withdrawn.
According to the notification of the Ministry of Energy, the facility of cheap electricity for zero-rated export industries has been discontinued, the facility available to the export sector has ended today from March 1.
The notification states that under the concessional facility, electricity was given to the export sector at a fixed rate of Rs 19.99 per unit.
The notification said that this facility of cheap electricity was available to textile, sports, surgical and leather industries.
According to the sources, this facility was announced by the Federal Minister of Finance in October 2022, this discounted facility was given until June 30, 2023.
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