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Finance Ministry approves Rs 12.640b subsidy on power to industrial sector

Finance Ministry approves Rs 12.640b subsidy on power to industrial sector

ISLAMABAD: As a part of Prime Minister’s Industrial Support Package announced in February 2016, Ministry of Finance Thursday approved release of Rs 12.640 billion as subsidy on power supply to industrial sector.

The government, in 2016, had also provided industrial support subsidy amounting to Rs 5.6 billion, said a Finance Ministry’s press statement issued here.

Finance Minister, Senator Mohammad Ishaq Dar said that government’s support to Industrial sector was aimed at boosting the manufacturing activity and help enhance exports of value added products. The purpose of the package was also to stimulate economic activity leading to greater job opportunities in the country, the Minister added.