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Yarn manufacturers seek implementation of lower power tariff


Yarn manufacturers seek implementation of lower power tariff
Official says over one month has passed since government announced subsidy
It was proposed that 5% regulatory duty may be removed on cotton yarn till June 30, 2021, by the time the situation of cotton would be reviewed again. PHOTO: REUTERS
Yarn manufacturers have requested the federal government to implement the schedule of reduction in electricity tariff, which it had announced for the export-oriented sector.
In a statement on Saturday, Pakistan Yarn Merchants Association (PYMA) Senior Vice Chairman Muhammad Hanif Lakhany said that the government should direct the electricity distribution companies to follow the notification immediately. ....

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