PIAF chairman Irfan Iqbal Sheikh welcomed the commitment of the newly-appointed Adviser to PM for Finance, Revenue, and Economic Affairs Dr Miftah Ismail to cut power tariffs within next 10 days, stating that the government's move will lower the cost of doing business.
During a meeting with a delegation of industrialists, Chairman PIAF Irfan Iqbal Sheikh argued that the high cost of doing business is hindering Pakistan in achieving its export target. He also demanded a uniform gas tariff across Pakistan, since Punjab faces a higher rate than Sindh.
PIAF chairman urged the power ministry to identify system constraints, communicate targets to all the concerned departments to initiate up-gradation of transmission system on war footing. He said that business friendly policies for trade and industry must be adopted similar to other neighbouring countries of the region.
He said that the government's recent decision to increase petrol prices would significantly damage the trade and business activities across the country while the transport fares have already been escalated due to raise in diesel prices.