Karachi August 12 2022: Federal Cabinet approve gas and electricity for five export oriented sectors at a rate of US$ 9 per mmbtu and US cent 9 per unit.
RLNG will be provided at US$ 9 per MMBtu all-inclusive to five export oriented sectors industries across Pakistan for all existing connections remaining with the allocation a total subsidy of Rs. 40 billion as already made by Finance Division in the budget from July 2022 till the end of FY 2022-23.
Electricity will be provided at US cents 9 per kWh all-inclusive to five export oriented industries subject to subsidy cover of Rs. 20 billion already provided by Finance Division w.e.f 1st August 2022. The rate of US cents 9 per kWh for the export oriented sectors will also be applicable till the end of FY 2022-23 as in case of RLNG.
Petroleum Division in consultation with Finance Division and Commerce Division will review subsidy requirements and its release on quarterly basis.
There shall be quarterly review of the subsidy provided to export industry for both gas and electricity. A report will be prepared by the Petroleum Division, providing list and amounts of all Captive Units of export-oriented sectors who are getting subsidy on account of supply Gas/RLNG and subsidized electricity. A similar report on subsidized electricity shall be provided by the Power Division. The report shall be presented to the ECC within a month.
