RCCI welcomes reduction in power tariff for industries


RAWALPINDI, NOV 8 (DNA) – The Rawalpindi Chamber of Commerce and Industry (RCCI) President Mohammad Nasir Mirza has said that Prime Minister Imran Khan has provided a huge relief to the industrial sector by announcing reduction in electricity tariffs and other incentives. The Rawalpindi Chamber welcomes this decision.

Addressing the second executive meeting, RCCI President said the relief package would benefit small and medium enterprises (SMEs), reduce electricity tariffs by 50 per cent on surplus consumption, and reduce other industries by 25 per cent.

The government has abolished peak hour tariff and reduced tariffs on used electricity, is a laudable step.

The President said that traders and industrialists appreciated the decision of the Prime Minister as the industrial sector was badly affected due to the Coronavirus. The government has already provided a number of incentives to the business sector, including soft loans, reduction in interest rates, as well as other financial decisions and manufacturing services that still need more help to grow economically.

He said the chamber has always demanded a reduction in the cost of electricity and gas to reduce business costs. Lower electricity rates will reduce business costs, he further added.=DNA