Business support package announced for small industrial, commercial units

Business support package announced for small industrial, commercial units

ISLAMABAD: The federal government as announced business support package for small industrial and commercial units in order to provide relief in the wake of coronavirus outbreak.

A statement on Monday said that the government had announced the “Chotae Karobar o Sanat Imdadi Package”, which entails a payment of three months of electricity consumption amounts of 5 KW commercial and 70 KW industrial connections in order to see them through this difficult period.

The amounts deposited can be utilized over the next six months by these commercial and industrial units.

As this support is targeted towards smaller businesses, therefore connections up to 5 KW for commercial and 70 KW for industrial connections will benefit from this scheme, which also constitute 95 percent of commercial connections and 70-80 percent of industrial connections in Pakistan.

The total amount paid for electricity consumption by such consumer during the corresponding three months of last year (May to July, 2019) will be credited in their bills.

These sums can be used for up to six months by these consumers.

However, this financial support will be capped at Rs. 100,000/- for commercial and Rs. 450,000/- for industrial connections.

All in all, it is expected that over 3.5 million firms, most of them small, will benefit from this scheme.