ISLAMABAD: The government has announced to provide of subsidized electricity to country’s exporters at 19.89 rupees per unit.
This was stated by Finance Minister Ishaq Dar while addressing media in Islamabad on Thursday after talks with the business community.
The Minister said all distribution companies will provide electricity to the exporter community on these rates and the difference between original prices and subsidized rates will be covered by the Finance Ministry.
The Minister said our government under the leadership of Prime Minister Shehbaz Sharif is doing its best for assisting business community and farmers to put country’s economy on the right track.
He urged the business community to enhance Pakistan’s exports for country’s betterment. He said Pakistan’s external account problems can only be resolved through improving export sector.
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The Minister said we are also making efforts to bring back rupee at its original value which is less than 200 rupees against a dollar.
Meanwhile, in response to a question on whether the International Monetary Fund (IMF) was taken into confidence on the package, the finance minister said: “I don’t need to take [the IMF] into confidence […] when I know what I am doing then it is my responsibility to create [fiscal] space for it and I have done so.”
Dar added that he believed in taking “prudent decisions” and had a source of funds available for the package. “[I will explain it myself] when talks are held with them [IMF delegation] and when they arrive on October 25,” he added.
