Traders call off sit-in af­ter ne­go­ti­a­tions

Pakistan Observer - - ECONOMY WATCH -

KARACHI—The traders of New Sabzi Mandi called off their sit-in protest on the Su­per High­way af­ter suc­cess­ful ne­go­ti­a­tions with KElec­tric, chaired by Com­mis­sioner Karachi Syed Asif Haider Shah. The traders’ sitin protest against the K-Elec­tric on the high­way blocked move­ment of the traf­fic for hours.

How­ever, the Com­mis­sioner reached out to the protesters and ar­ranged their ne­go­ti­a­tions with the K-Elec­tric for a mu­tu­ally agreed set­tle­ment on the pay­ment of the out­stand­ing bills. The Com­mis­sioner in­formed the me­dia that the traders had agreed to pay Rs 4.5 mil­lion to the K-Elec­tric which would re­cip­ro­cate by wav­ing 30 per cent of their out­stand­ing dues. It was also agreed be­tween the two sides that new elec­tric­ity me­ters would be in­stalled in the veg­etable mar­kets for all the K-Elec­tric con­sumers, he added.—APP

LA­HORE: Sher Ali Khan, Pro­vin­cial Min­is­ter for Mines and Min­er­als in­au­gu­rate­ing 14th Pak­istan Oil, Gas and En­ergy Ex­hi­bi­tion Pak­istan-2016 at Expo, Cen­tre.

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