ISLAMABAD: The country’s textile industry has prepared a policy roadmap for the future government with a target to jack up textile exports up to $50 billion till 2029.
The roadmap asks the future regime to ensure B2B power contracts with a wheeling charge of 1-1.5 cents per unit by operationalizing the Competitive Trading Bilateral Contracts Market (CTBCM) and increasing the cap on solar net-metering for industrial consumers from 1MW up to 5MW.
The industry has an installed export capacity of approximately $25 billion per year that could rise to around $50 billion per year over the course of five years, and only around $5 billion worth of investment conditional on a distortion-free business environment that allows firms to be competitive in international markets.
The 64-page policy also underscores the upcoming regime to establish a separate power tariff category for export-oriented firms excluding cross-subsidies and stranded costs that could not be exported apart from maintaining RLNG/gas supply for captive power plants given the unreliability of the power sector and ensuring medium-term visibility pricing and availability.
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