Another power tariff hike on cards


Former Vice President of FPCCI Atif Ikram Sheikh on Sunday said as per the directions of the IMF the government is set to increase the electricity tariff which will affect the people and the business community.

The price of electricity, gas, petroleum products and food items are already at record levels which have made life difficult for the people and further increases in power tariffs will erode their buying power, he said.

Atif said that instead of constantly increasing the price of electricity, the government should focus on reducing electricity theft and wastage and improving recovery.

The transmission and distribution system should be improved and agreements with IPPs should be revisited, he demanded.—NNI


Previous articleCanvas Footwear export witnesses 414.02% increase
Next articleFrance to spend 8.4bn euro to help companies