LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) on Wednesday urged the government to bring down electricity tariff for all industries, as cheap energy is a must to strengthen industrial base and win the international market.
Talking to newsmen, LCCI President Irfan Iqbal Sheikh praised Prime Minister Imran Khan for reversing the decision regarding increase in power tariff for export sector, saying that all being part of the economy, cottage and other industries should also be given relief.
Sheikh said that increase in electricity prices or additional charges in the bills were no solution to power sector problems, but there was a dire need to address inefficiencies in the system. These inefficiencies are actually an unjust tax on honest power consumers. The industrial sector as a whole pays its dues in time and there is no line losses / theft in most of the industrial estates, including those in Lahore, he added.
Several solar panels can be seen in this picture. — AFP/FileLAHORE: Pakistan, with a potential of 40 GW of solar...
The screenshot shows the High Commission of Pakistan in Rwanda hosting a webinar on "Exploring the African Market -...
An undated image of gold jewellery displayed at a store. — AFP/FileKARACHI: Gold prices in the local market dropped...
Clare Lombardelli, the OECD’s chief economist. — BloombergLONDON: High flows of immigration into rich countries...
Representational image of growth in economy. — APP FileLAHORE: The normal ingredients of economic growth include...
The logo of Russia's energy giant Gazprom is pictured at one of its petrol stations in Moscow on May 11, 2022. —...