Miftah Assures Business Community of Addressing Issue of Energy Tariffs

Miftah Assures Business Community of Addressing Issue of Energy Tariffs

Finance Minister Miftah Ismail on Friday offered his complete support to provide ease to the business community regarding issues related to the continuity of gas and electricity tariffs, and also to help exporters.

The minister had an interview with a delegation of the business community that was part of the Faisalabad Chamber of Commerce and Industry (FCCI) headed by its president Atif Munir Shaikh in the Finance Division.

Shaikh informed the minister of the importance of FCCI and its role in the economic development of Pakistan. The delegation argued that the local industry needs to be encouraged in the same manner as exports are financially rewarded. The delegation was informed that this sector is among the main sources of revenue generation as well as jobs for young people in Pakistan. The group was also informed of the other issues, including tax drawbacks due to duty (DDT) refunds of sales tax of electric and gas tariffs, and liquidity crisis.

The finance minister emphasized his commitment to the current government to provide a hospitable and welcoming business environment and an easy way to conduct business. He praised the contribution of the FCCI in generating employment as well as export promotion and economic development of the country.

The minister pledged his total support and cooperation to provide that the business community is provided with the necessary assistance about their concerns about maintaining the gas and electricity tariffs as well as to assist exporters in the growth in exports.

He also stated that the other issues related Business Community mentioned above will be addressed shortly because the current government is trying to improve this sector to increase reserves of foreign currency and ensure its stability. Pakistan rupee.

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