Provincial Minister for Revenue, Industries and Commerce Muhammad Younus Dagha has said that the industrialists suffer owing to politics, gas tariff for industries is subsidized while the residential consumers are subjected to higher cost but unfortunately, in Pakistan, the industries are subsidizing all other sectors which is purely against international best practices.
“Structural changes in consultation with business community are needed to rectify all issues in the energy sector so that the industries alone could not bear the burden of exorbitant gas tariff hikes. Cross-subsidization by raising tariff for industries and keeping it down for others is not a wise move. Industries should only be burdened with gas cost while cross-subsidy should not be applied to industries”, he added while speaking at a meeting during his visit to the Karachi Chamber of Commerce & Industry (KCCI) on Wednesday.
Chairman Businessmen Group (BMG) Zubair Motiwala (Via Zoom), President KCCI Iftikhar Ahmed Sheikh, Senior Vice President Altaf A. Ghaffar, Vice President Tanveer Ahmed Barry, Former Presidents Majyd Aziz and Shamim Ahmed Firpo along with KCCI Managing Committee Members attended the meeting. Younus Dagha identified ‘lack of unity’ as the biggest issue of industries in Karachi since many years which terribly mutes down the business community’s say about energy crises.
