The Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum, the President of All Karachi Industrial Alliance, the Chairman of the FPCCI Advisory Board, and the President and former provincial minister, Mian Zahid Hussain, said on Friday that the increase in gas tariff due to IMF pressure will affect the public and the industrial sector.
He said the move will also increase electricity consumption, which will reduce the losses of the bleeding power sector.
Mian Zahid Hussain said that increasing the price of gas will increase the public’s burden by at least Rs 847 billion, but at the same time, the gas sector’s circular debt will also be reduced.
Talking to the business community, the veteran business leader said that, on the recommendation of OGRA, the gas tariff for Punjab and Khyber Pakhtunkhwa has been increased by 8.7 per cent, after which the price of gas will be Rs 142.45 per MMBTU.
Meanwhile, the gas tariff for Balochistan and Sindh has been increased by 25.78 per cent or Rs 361 per MMBTU, which will be implemented in February.
He informed us that the gas price had been increased by 8.7 and 25.78 percent, while the SSGC demanded an increase of at least 200 percent.
