FPCCI President urges the government to implement a comprehensive winter package to enhance industrial production and export competitiveness in Karachi.
- FPCCI Advocates for Winter Package to Boost Karachi’s Industrial Sector
Mr. Atif Ikram Sheikh, the President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has called on the government to announce a comprehensive winter package for trade and industry to address challenges in industrial production and ensure competitiveness in export markets.
Key Demands
The FPCCI’s main request is a reduced electricity tariff of Rs. 20/kWh for export-oriented industries. Currently, high electricity costs are a significant burden, making it difficult for industries to remain competitive.
Issues with Gas Consumption Criteria
Mr. Sheikh expressed concerns over any conditions tied to incremental gas consumption, as many export-oriented units could not meet these requirements last year due to lack of gas supply connections. FPCCI demands an unconditional winter package to ensure fair access for all industries.
Economic Impact
A fair and inclusive winter package would boost exports, employment, and economic growth. Mr. Sheikh assured the government of the trade and industry’s commitment to promoting Pakistan’s economic growth and export competitiveness, highlighting that supporting industries will lead to substantial export growth and economic stability.
Long-term Vision
FPCCI advocates renegotiating power purchase agreements with independent power producers, revitalizing the privatization process of PIA, lowering the key policy rate, and implementing consistent macroeconomic policies to promote ease of doing business. With adequate governmental support, FPCCI’s Vision 2030 aims to achieve an export target of $100 billion.
Conclusion
Mr. Sheikh’s call for a comprehensive winter package emphasizes the need for government intervention to reduce costs and facilitate industrial growth. This would ensure fair treatment across all sectors and boost Pakistan’s economic stability and export potential.