Pakistan Textile Exporters Association (PTEA) @TextilePtea

Thank you, Sir, for ensuring matters of public interest remain a priority. We respectfully request the immediate removal of the Rs. 3.04/kWh cross-subsidy embedded in B3/B4 industrial electricity tariffs. Productive industry has paid billions of rupees in excess of the actual cost of service, undermining competitiveness, exports, and investment. The anomaly is particularly glaring for B4 industrial consumers, who are not even connected to the distribution network yet continue to bear charges and subsidies unrelated to the service they receive. A cost of service based tariff is a matter of fairness and economic rationality. @BilalAKayani @Team_Musadik @MusadaqZ @PakTexCouncil @TextilePtea @APTMAofficial @SohailPasha19 @AzizGohir @PHMAofficial @mukhtar_hamza

Respected Minister Sab I would like to draw your attention to a serious tariff anomaly affecting industrial consumers. A B3 industrial consumer pays a higher tariff than B2, yet is required to absorb the full 5–6% distribution loss between the grid station and consumer premises. In contrast, B2 consumers effectively have these losses absorbed within the DISCO network despite paying a lower tariff. I operate facilities under both categories and there is no economic rationale for such discrimination. In fact, this pricing structure discourages industries from opting for B3 connections and creates an artificial incentive to remain on B2. The injustice is even greater for B4 consumers, who are connected at higher voltage levels and place the least burden on the distribution network, yet continue to face an unfair tariff structure. Based on current consumption levels, B3 consumers are effectively cross-subsidizing B1 and B2 consumers by approximately Rs. 27 billion annually, while simultaneously bearing network losses and paying a higher tariff. I respectfully suggest that NEPRA direct DISCOs and K-Electric to install sealed metering at both HT and LT sides of consumer transformers to accurately measure actual loss differentials. Tariffs should then be determined on the basis of measured technical realities rather than assumptions. B3 consumers constitute one of the largest industrial consumption categories and are presently among the most penalized segments of the industrial sector. This anomaly deserves urgent review. Regards, Rehan Javed

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Kindly advise the timeline for removing the PKR 3.04/kWh cross subsidy embedded in industrial B3/B4 tariffs. B4 consumers sit on 66–132kV transmission lines, not even on the distribution network, so this charge has no cost causation basis. In line with the PM's vision of export led growth and rising value added exports, its removal would: • Grow exports & help textiles surpass target • Create new employment across the value chain • Add continuous process load improving grid stability & capacity utilisation, lowering per-unit cost for all Every penny matters. Pls notify a time bound removal in the FY27 tariff determination. Let's strive hard & help the private sector scale exports. @MIshaqDar50 @betterpakistan @BilalAKayani @MusadaqZ @shahzadsaleem @rehanjawed @AsimRiaz1978 @PakTexCouncil @TextilePtea @PHMAofficial @mubarakzebdawn @haider_mehtab @81ShahbazRana @KhaleeqKiani @2010Ghumman

Pakistan is not necessarily a poor country. It is a poorly documented economy. A great analysis by @ReplyTariq . NADRA identified 11.97m individuals with due tax payments PKR 526bn, approx. $2.6bn. Again, more than our ask to the IMF at that time! thefridaytimes.com/16-Jun-2026/id…

Pakistan deserves real appreciation for the quiet but constructive role it has played in support of peace and deescalation. Many congratulations to @CMShehbaz, CDF Gen. Asim Munir, @MIshaqDar50, @MohsinnaqviC42. At a moment when rising tensions threatened wider regional instability, our leadership consistently chose dialogue, diplomacy and restraint over conflict. Every sincere attempt to bring parties to the table, and to spare further loss of innocent lives, is a service to humanity. May this agreement mark the beginning of lasting peace and stability for the region. Pakistan can take quiet pride in having played its part in advancing the cause of peace.

Shehbaz Sharif @CMShehbaz

a week ago

Following intensive talks, we are pleased to announce that the Peace Deal between the United States of America and Islamic Republic of Iran has been REACHED. Both sides have declared the immediate and permanent termination of military operations on all fronts, including in

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Let's give credit where it's due: the direction of reform has finally turned. The hard decisions on the fiscal side have begun, and that matters. But direction is not destination. We have to raise our sights. The real target is not just higher exports, it's a trade surplus. A country that consistently sells more to the world than it buys never has to go cup in hand for the next bailout. That is the only durable end to our boom bust cycle. We must not just meet but exceed our goods export target and drive it to $35bn (textiles $23bn), that is how we start earning the surplus. Three disciplines must anchor the next five years: 1. Stop the bleeding. The fiscal deficit drains national resources every year through debt servicing. A primary surplus is not an IMF imposition, it's basic self respect. Live within our means, then grow beyond them. 2.Borrow only to build. Every rupee of debt must create an asset that earns a return greater than its cost, export capacity, energy, infrastructure. Borrowing to fund consumption or plug deficits mortgages our future. That must end. 3.Make it measurable. Set the targets, exports, trade surplus, primary balance, publish them, and report against them every quarter. What gets measured gets delivered. And to restore competitiveness and capital, immediate steps in Q1 FY27: • Clear pending refunds now, income tax, sales tax, duty drawback, DLTL, TUF. This is releasing working capital already owed, not a subsidy. • SBP must prioritise high performers in new EFS/LTFF allocations, rules based, not discretionary. The exporters who exceed mandatory 2 times performance should be given priority. • Remove the Rs3.04/kWh cross subsidy on B3/B4 industrial tariffs. • Scrap the captive gas levy built on a flat wrong calculation. • Provinces must align with the federal target and end arbitrary taxation on goods exports. But this cannot rest on government alone. The private sector must step up and treat exports as our single highest priority, invest, modernise, and deliver. The policy direction is turning; the opportunity is real. It is now ours to seize. The reforms have started. Now let's finish them, channel every borrowed rupee into assets that pay us back, and aim for surplus, not survival. #BudgetFY27 #Exports #Reform @CMShehbaz @MIshaqDar50 @betterpakistan @akleghari @AliPervaiz450 @DrMusadikMalik @BilalAKayani @SenatorSaleem @sherryrehman @kschehzad @mubarakzebdawn @ShahzadIqbalGEO @Fahdhusain @mukhtar_hamza @SohailPasha19

I strongly urge @StateBank_Pak MPC to hold the policy rate this time With a US–Iran agreement appearing close, Brent prices are expected to soften further, while the recent reduction in petroleum prices by Pakistan will help ease inflation. This is the time to support growth, investment and exports—not tighten monetary conditions. A rate hike now would dilute the relief provided in the budget and send the wrong signal to business and industry. @PakPMO @CMShehbaz @Financegovpk @BilalAKayani @ThePBC_Official

FY27's export measures are welcome, advance tax on exporters cut by 0.75% and goods exporters exempted from Super Tax. The relief for the salaried class is also a much needed and commendable step that eases real pressure on households. But MTR on exporters rising from 1% to 1.25% pulls the other way. We ask one simple, doable correction: take it back to 1%. Consistency is what makes an export framework competitive, predictable policy lets exporters plan, invest and compete with confidence. If exports are a national priority, the framework should support that goal without anomalies. @MIshaqDar50 @BilalAKayani @sifcpakistan @PakTexCouncil @PHMAofficial @TextilePtea

3) I welcome the Prime Minister’s directive for complete elimination of Super Tax on exports, even on profits above Rs 500 mln, and the reduction in total tax deductions on export realisations from 2% to 1.25%. These are positive and much-needed steps. However, raising minimum tax from 1% to 1.25% will hurt low-margin exporters. More importantly, this relief alone is insufficient to match competing countries. Pakistan should move to either a 1.25% Final Tax Regime on exports or cap tax on export earnings at 12%, in line with Bangladesh, if we truly want export-led growth, investment and job creation @PakPMO @CMShehbaz @Financegovpk @betterpakistan @jam_kamal @BilalAKayani @FBRSpokesperson @mincompk @TextilePtea @PakTexCouncil

PESCO has long been a significant burden on the national economy, with losses reportedly exceeding 36%. At a time when industry, businesses, and taxpayers are being asked to bear unprecedented costs, awarding performance bonuses raises serious questions about accountability and governance. What exactly is being rewarded? Such decisions send the wrong message to the public and undermine confidence in reform efforts. Public funds must be safeguarded, and the Federal Government should immediately review how this bonus was approved and whether it is justified in light of the utility's operational and financial performance. The nation deserves transparency, accountability, and performance based incentives, not rewards for persistent inefficiency. @MIshaqDar50 @akleghari @BilalAKayani @kschehzad @mubarakzebdawn @81ShahbazRana @KhaleeqKiani @2010Ghumman @rehanjawed @SohailPasha19 @mukhtar_hamza

ProPakistani @ProPakistaniPK

2 weeks ago

PESCO employees will get a one-month bonus after the utility's board approved a performance payout for FY 2025-26. The payment will not go to everyone, with several categories excluded. 🧵

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Is Islamic banking Islamic? @MiftahIsmail Spot on “One has to say that the difference between Islamic and commercial banks is more in nomenclature and less in substance - We must endeavour to bring Islamic banking closer to the tenets of Islam — variable profits and risk sharing” dawn.com/news/2005594

Export competition is getting brutal. The global race for manufacturing and exports is intensifying, and the rules are being rewritten in real time. Turkey just passed a law (effective 2027) cutting corporate tax for manufacturers from 25% to 12.5% and to just 9% for manufacturer exporters, plus a 100% exemption on service exports. A deliberate bid to pull in capital, talent and FDI. Egypt drew ~$11B in FDI last year, defying a regional slowdown. Vietnam & Mexico keep winning factories and supply chains with targeted incentives and reform. The pattern is clear: capital flows to countries that reward producing and exporting, not those that tax it the hardest. Investors now rank tax incentives and infrastructure as the most effective tools to attract investment. We cannot afford to lag behind. We must catch up with the competition, overhaul our tax and export framework, and set a bold target: 20 million jobs over the next 10 years. The countries that act decisively will own the next decade. The ones that hesitate will be left importing what they could have made. @CMShehbaz @MIshaqDar50 @betterpakistan @DrMusadikMalik @BilalAKayani @DrIkramulHaq @KhaqanNajeeb @MusadaqZ @shahzadsaleem @mubarakzebdawn @81ShahbazRana @SohailPasha19 @mukhtar_hamza

Mynet @mynet

3 weeks ago

İstanbul'da düzenlenen 3'üncü Küresel İslami Ekonomi Zirvesi'nde konuşan Hazine ve Maliye Bakanı Mehmet Şimşek, "Burada yeteneği, girişimcileri, sermayeyi ve doğrudan yabancı yatırımı çekmeye çalışıyoruz. Bugün Sayın Cumhurbaşkanı tarafından onaylandı. Parlamentonun onayından

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@zafaryabkhan

Pakistan Textile Exporters Association (PTEA) @TextilePtea

3 weeks ago

While industrial cross subsidies have been reduced, a major anomaly persists for B3 & B4 consumers, the backbone of Pakistan’s industrial electricity demand. Cost of service is Approx Rs 20.63/unit, yet off peak tariffs remain Rs 23.67/unit (B3) and Rs 23.38/unit (B4), meaning

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@PakPMO @CMShehbaz @MIshaqDar50 @betterpakistan @Financegovpk @akleghari @AliPervaiz450 @jam_kamal @BilalAKayani @IhsaanaKhan @sifcpakistan The Rs3.23/unit PHL charged from industry is also a cross subsidy as it is used to pay circular debt which industry had no role in creating

Pakistan Textile Exporters Association (PTEA) @TextilePtea

3 weeks ago

While industrial cross subsidies have been reduced, a major anomaly persists for B3 & B4 consumers, the backbone of Pakistan’s industrial electricity demand. Cost of service is Approx Rs 20.63/unit, yet off peak tariffs remain Rs 23.67/unit (B3) and Rs 23.38/unit (B4), meaning

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While industrial cross subsidies have been reduced, a major anomaly persists for B3 & B4 consumers, the backbone of Pakistan’s industrial electricity demand. Cost of service is Approx Rs 20.63/unit, yet off peak tariffs remain Rs 23.67/unit (B3) and Rs 23.38/unit (B4), meaning nearly Rs 3/unit of cross subsidy is still being extracted from productive industry. B3 consumers operate on dedicated feeders and are billed on all units injected into the line. B4 consumers operate on their own grids and are not even part of the distribution network. Yet both continue to bear distribution losses and recovery losses despite providing security deposits and six month payment guarantees, leaving virtually no recovery risk. Industry should not be paying for inefficiencies it neither creates nor controls. If Pakistan is serious about export led growth, industrial competitiveness and economic expansion, tariffs must be aligned with actual cost of service immediately. The productive sector cannot continue subsidizing inefficiencies elsewhere in the system while competing in global markets. @CMShehbaz @MIshaqDar50 @akleghari @AliPervaiz450 @BilalAKayani @IhsaanaKhan @kschehzad @mubarakzebdawn @81ShahbazRana @2010Ghumman @MusadaqZ @mukhtarkhurram @PakTexCouncil @SohailPasha19 @shahzadsaleem @AzizGohirA

My views during meeting with the PM last evening: 1) I appreciated the macroeconomic stabilisation achieved over the last two years, largely supported by documented businesses and the salaried class through higher taxation. It is now time to reduce their burden & provide them relief. 2) Meaningful relief is only possible by bringing the undocumented economy into the tax net. With cash in circulation exceeding Rs 11 trillion and estimated tax evasion of Rs 4–5 trillion annually, digital monitoring and simplified tax laws could enable recovery of at least Rs 1–1.5 trillion. 3) High taxes and petroleum levies have heavily burdened ordinary citizens. Govt has to show political will and focus must now shift from taxing the documented sector to documenting the untaxed sector 4) I also proposed sending a small official team to Bangladesh and Vietnam to study and replicate their export promotion policies. 5) The upcoming budget will determine where capital flows. Investment naturally follows sectors where returns exceed the cost of capital. The government must decide whether it wants capital directed towards exports and industry or towards real estate and speculative activities. @GovtofPakistan @CMShehbaz @MIshaqDar50 @Financegovpk @betterpakistan @BilalAKayani @AliPervaiz450 @akleghari @mincompk @jam_kamal @sifcpakistan @81ShahbazRana @AliKhizar @shazbkhanzdaGEO @ShahzadIqbalGEO

Spot on Doctor Sb. Sustainable fiscal consolidation cannot come through perpetual extraction from the shrinking documented economy. Pakistan needs a paradigm shift from revenue maximization to competitiveness, productivity, formalization and investment led growth. The more the formal sector is burdened through turnover taxes, withholding regimes, delayed refunds and excessive energy costs, the more informality gets incentivized. Wealth creation, scale, exports and industrialization must become the center of policymaking if Pakistan genuinely wants to transition from chronic trade deficits towards sustainable growth and economic stability. The real question is: what is still stopping us from taking this path? Why does export led growth still not remain a national priority in its true spirit despite repeated balance of payment crises and decades of IMF programmes Do we finally see a shift in mindset from short term revenue extraction and adhocism towards long term competitiveness, productivity and wealth creation? That remains the most critical question for Pakistan’s economic future. @KhaqanNajeeb @MusadaqZ @shahzadsaleem @SohailPasha19 @AzizGohir @MAliTabba

Dr. Khaqan Hassan Najeeb @KhaqanNajeeb

3 weeks ago

Pakistan’s Budget FY27 should not begin with the question: how much more revenue can be extracted? It should begin with a fundamental question: what kind of economic incentives is the fiscal system creating? A new fiscal model requires a new mindset: - Shift from *revenue

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🚨 TEXTILE AND APPAREL ARE PAKISTAN'S FUTURE — NOT ITS PAST For those who still see Textile and Apparel as a "traditional industry," here's the reality: ✨ The sector is moving up the value chain ✨ Apparel and made-ups are driving exports ✨ Millions of Pakistanis depend on it for employment ✨ It remains the backbone of Pakistan's export economy The conversation around Textile and Apparel must move beyond outdated perceptions. 💡 A modern industry needs modern policies. Pakistan's Textile and Apparel sector has already transformed. Now it's time for policy frameworks that support innovation, competitiveness, investment, and export-led growth. 📖 Read the full article: 🔗 brecorder.com/news/40423331/… #PakistanTextileCouncil #TextileIndustry #MadeInPakistan #Exports #Manufacturing #EconomicGrowth #Innovation #ValueAddition #PakistanExports #FutureOfTextiles @fawadanwar @MusadaqZ @hasanshafqaat @Dawn_News @beingJayP @PakPMO @CMShehbaz @PlanComPakistan @ForeignOfficePk @Financegovpk @APTMAofficial @PrgmeaOfficial

Pakistan's largest export sector cannot be treated as yesterday's industry. The upcoming budget must define a clear long-term policy for apparel & value added Textiles, ensuring competitive taxation, affordable energy, duty-free inputs, efficient refunds, and support for investment. Exports, jobs, and economic growth depend on it. Policymakers must stop treating textile as yesterday’s industry by @AliKhizar brecorder.com/news/40423331

The more you export, the more you lose. That's the harsh reality crippling Pakistan's textile exporters today, trapped liquidity, and a mindset that punishes growth. Time to back the people who earn our foreign exchange. @CMShehbaz @betterpakistan @jam_kamal @BilalAKayani @IhsaanaKhan @kschehzad @TextilePtea @PakTexCouncil @SohailPasha19 @mukhtar_hamza @AzizGohir epaper.brecorder.com/2026/05/30/2-p…