ECC exterminates Time-of-Use tariff scheme for Industrial consumers.

ISLAMABAD -- The Economic Coordination Committee of the cabinet on Thursday approved removing distinction in electricity tariff between the current system of peak and off-peak hours to spur industrial activity amid COVID-19 pandemic.

Adviser to the Prime Minister on Finance and Revenue, Dr Abdul Hafeez Sheikh chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet in Islamabad and accorded the approval to incentivize industrial units to operate round the clock and produce greater output during testing times.

Minister for Privatization Muhammad Mian Soomro, Minister for Economic Affairs Makhdoom Khusro Bakhtiar, Minister for Railways Sheikh Rashid Ahmed, Adviser to the PM on Commerce Abdul Razak Dawood, SAPM on Revenue Dr.

Waqar Masood, SAPM on Power Tabish Gauhar and Adviser to the PM on Institutional Reforms and Austerity Ishrat Hussain participated in the meeting.

Governor State Bank of Pakistan Dr.

Reza Baqir joined the meeting through video link.

The Power...