The President of the SITE Association of Industry, Muhammad Kamran Arbi, while welcoming the decision of the federal government to allow a power tariff @ 9 cents / KWh to industrial consumers, has demanded the Govt. to issue the Notification of the same immediately.

He said that a power tariff reduction of 9 cents/kWh would not only help in the restoration of industrial competitiveness and reignite the engine of the economy but would also go a long way in boosting the confidence of industrialists. Such a move would boost exports across all sectors and stimulate a large number of downstream industries and services, ultimately creating more jobs, increasing foreign exchange earnings, and overall economic growth and stability in the country.

Kamran Arbi has urged the need to provide industries with a competitive and growth-led environment and has termed it ‘imperative in the prevailing economic situation’. He opined that a regionally competitive energy tariff is the need of the hour to arrest the declining morale of industrialists and the decline in value-added exports.

SITE President has also commended the efforts made by the Caretaker Federal Minister for Commerce & Industries & Production, Dr Gohar Ejaz, and the Caretaker Minister for Energy & Power/Petroleum, Muhammad Ali, in the matter of rationalization of power tariff.