Islamabad:
The Pakistan Business Council (PBC) has reacted to the rise in gas prices, saying that it would be impossible to achieve the Prime Minister’s target to raise exports to $ 60 billion by supplying expensive gas to industries.
In a letter to the Prime Minister yesterday, the PBC has taken the stand that double the price of gas for capital power plants will unable to compete in the global market, and thus the Prime Minister’s Export to 60 billion by 2027. It will not be possible to achieve the goal of taking the dollar.
The letter further states that tariffs are already high for manufacturers in Pakistan, electricity is being provided to industries in Pakistan 17 cents per unit while in India the price is 6, 8 in Vietnam and 9 to 10 cents per unit in Bangladesh. , More than 50 % of Pakistan’s exports depend on gas -fired captive power plants.
It is to be noted that the government has made gas expensive for captive power plants by following the terms of the IMF, the IMF initially disconnected gas supply to Capt. It was demanded, but then the government again negotiated with the IMF and decided that the gas supply would not be disconnected, though the gas would be expensive.
The Pakistan Business Council has also said in its letter that Pakistani exports will not benefit due to expensive gas after the US imposes tariffs on Chinese products, while our rival countries will take advantage of this situation, while Making gas expensive will not allow all industries to move to the national grid, it will increase the use of alternative sources, industries will prefer the acquisition of electricity from solar and other sources, from which solar energy acquisition. There will be a lot of foreign exchange.