Govt to revise rates of zero-rated industries: Razak

ISLAMABAD: Adviser to PM on Commerce and Investment Abdul Razak Dawood on Tuesday said the government agreed that erstwhile five zero-rated industries would be given a rate of gas of 7.5 ¢/kWh for July and August and nine ¢/kWh thereafter.

For gas, the rate will be $6.5/mmBtu throughout the period, the adviser said on his twitter account.

“In a meeting held today between the Ministries of Commerce, Finance and Energy, it was agreed that erstwhile five zero-rated industries will be given a rate of 7.5 ¢/kWh for July and August and nine ¢/kWh thereafter. For gas, the rate will be $6.5/mmBtu throughout,” tweeted the adviser.

“In wake of the situation created by Covid-19 pandemic, I feel that the Ministry of Commerce has obtained a very good rate and now exporters should concentrate on growth of our exports. I thank the Ministries of Energy and Finance for their continued support,” he added.

Razzak also informed that a constructive meeting of the American Business Council was held with the Prime Minister Imran Khan yesterday, where issues relating to Urdu labeling, pharmaceuticals, mobile device manufacturing and transshipment of goods were discussed.

He said that all these matters were important and would be examined with relevant stakeholders to bring them to a closure.