Best way to overcome the energy crisis is written contracts between DISCOs (Distribution Companies) and the export oriented industries, which would ensure definite quantity of supply as well as making the companies chargeable for the loss to the units, said Federal Secretary for Commerce, Salman Ghani.

He was responding to a delegation of Pakistan Textile Exporters Association (PTEA), to apprise Ghani of the difficulties confronting the exporters. Pakistani exporters can not be internationally competitive unless they become domestically competitive and to achieve this cost of manufacturing will have to be cut, removing regulatory duties, providing cheaper inputs and exempting exports from all taxes and levies.

For this purpose Ministry of Commerce have started inter ministerial co-ordination plan to forge out result oriented policies. Industrial, textile and trade policies were intrinsically financial involuntary and will be implemented successfully.

Further, in the context of world economic meltdown, the problems confronting Pakistan were comparatively lesser than our rivals like china and India, who were grappling with problems like economy of scale production and huge Silicon Valley based and outsourced dependent job market.

Regarding the energy crisis, Ghani elaborated that he was floating the idea of contractual responsibility of supply and chalking out specified contract between energy supply company and the industrial purchaser.