KARACHI: The president of the Bin Qasim Association of Trade and Industry (BQATI), Abdul Rasheed Janmohammad, praised the caretaker government on Wednesday for its efforts to revive and develop the industrial sector, especially the decision to lower the electricity tariff to 9 cents per kilowatt hour (kWh).
"The decision to set the electricity rate at 9 cents/KWh is seen as a positive step that is expected to lower production costs and reinstate industrial competitiveness in the global market," Janmohammad said in a statement.
He said the decision would not only promote industrialization but also lead to a decrease in gas consumption, subsequently alleviating the burden of capacity charges and addressing the persistent issue of circular debt. Janmohammad said the BQATI fully supported the initiative of the caretaker government.