PBF for cut in markup energy tariff for textile sector

LAHORE – The Pakistan Business Forum (PBF) has urged the government to reduce the mark-up rate as well as tariff of electricity and gas for the textile industry, enabling Pakistani products to receive a due share in the global market. Talking to the media persons here on Sunday, PBF President Mian M Usman Zulfiqar said that he had also written a letter to Prime Minister Shehbaz Sharif in this regard and informed him that how the industrial production was decreasing mainly because of high input cost and mark-up rate. He said that non-issuance of letters of credit (LCs) for the…